Free browser tool
Savings Goal Calculator
Enter the amount you want to save, what you have saved already, how long you have and an expected interest rate. See how much to put away each month, roughly each week, and how much of the goal comes from interest. Works with any currency.
Built with love by Shushant Lakhyani. Building bestproductivityresources.com
- Save each month
- 357.49
- About each week
- 82.50
- Months to go
- 24
- Total you put in
- 8,579.78
- Interest earned
- 420.22
- Current savings grow to
- 1,083.14
Formula: future value = current savings × (1 + r)ⁿ + monthly saving × ((1 + r)ⁿ − 1) ÷ r, where r is the yearly rate ÷ 12 and n is the number of months. It assumes interest is compounded monthly, deposits are made at the end of each month and the rate stays the same. With 0% interest the monthly saving is simply (goal − current savings) ÷ months. For example, saving 10,000 from nothing in 12 months at 6% a year needs about 810.66 a month. The weekly figure is the monthly amount × 12 ÷ 52.
Real savings accounts and investments can pay variable rates, charge fees, and interest may be taxed; investment returns are never guaranteed and inflation reduces what money buys. This is an estimate for planning only, not financial, investment or tax advice. Check with your bank or a qualified financial adviser before making decisions.
Built with love by Shushant Lakhyani. Building bestproductivityresources.com
Private by design. This tool runs entirely in your browser. Nothing you enter or select is uploaded, saved, logged or shared, no AI service is used, and closing the tab clears everything.
Disclaimer. This free tool is provided "as is", without warranties of any kind, for general information and convenience. Results are estimates for general information only and are not financial, investment, tax, legal or accounting advice. Real rates, fees and rules vary; speak to a qualified professional before making decisions. You use it at your own risk. See the Disclaimer, Terms of Use and Privacy Policy.
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