Savings Goal Calculator

Plan any savings goal — a house deposit, a car, a wedding. Find out how long it takes to reach your target at a given monthly amount, or how much to save each month to hit it by a target date. No signup required.

Solve for:

3y 9m

to reach $30,000

Progress to goal

How your balance grows toward the target

Balance

Goal

Balance

Goal

Time to goal

3y 9m

Total contributed

22.5K

Interest earned

2.5K

Final balance

30K

3y 9m

to reach $30,000

Progress to goal

How your balance grows toward the target

Balance

Goal

Balance

Goal

Solve for:

Time to goal

3y 9m

Total contributed

22.5K

Interest earned

2.5K

Final balance

30K

What it is

This calculator plans any savings goal — a house deposit, a wedding, a car, or an emergency fund. It accounts for compound interest on your balance, not just your contributions.

Use How long? to find the time to reach a goal at a fixed monthly amount, or How much? to find the monthly amount needed to hit it by a target date.

How the math works

Compounding: Each month your balance earns return ÷ 12, then your contribution is added.
How long: We step month by month until the balance reaches your goal.
How much: We solve the future-value formula for the monthly payment that hits the goal by your target date.
Interest earned: Final balance minus your starting savings and total contributions.

Assumptions & caveats

Return is assumed steady and compounded monthly; real returns vary.
For low-risk goals (cash/savings), use a conservative rate; only use higher rates for longer, invested goals.
Contributions are assumed constant each month.
Taxes and fees are not modelled.

Frequently asked questions

For short-term goals kept in cash or a savings account, use 1–4%. Only use a higher, investment-style rate (e.g. 7%) for goals more than ~5 years away that you'll actually invest.

Yes — money already saved keeps compounding, so a larger starting balance noticeably shortens the time or lowers the monthly amount needed.

It depends on the timeline. Money you need within a couple of years is usually safer in cash; longer horizons can justify investing for higher expected returns.

If the balance never reaches the goal in 'How long?' mode, increase your monthly contribution or extend your horizon.

Track your savings goals automatically

selfinance keeps every goal's progress up to date from your real accounts.

Get started

Your complete financial picture, finally in one place

Join thousands who replaced their spreadsheet juggle and four-app routine with a single, automated view of their net worth, budget, and investments.

Cancel anytime

Sselfinance

Savings Goal Calculator

Solve for:

3y 9m

to reach $30,000

Progress to goal

How your balance grows toward the target

Balance

Goal

Balance

Goal

Time to goal

3y 9m

Total contributed

22.5K

Interest earned

2.5K

Final balance

30K

3y 9m

to reach $30,000

Progress to goal

How your balance grows toward the target

Balance

Goal

Balance

Goal

Solve for:

Time to goal

3y 9m

Total contributed

22.5K

Interest earned

2.5K

Final balance

30K

What it is

This calculator plans any savings goal — a house deposit, a wedding, a car, or an emergency fund. It accounts for compound interest on your balance, not just your contributions.

Use How long? to find the time to reach a goal at a fixed monthly amount, or How much? to find the monthly amount needed to hit it by a target date.

How the math works

Compounding: Each month your balance earns return ÷ 12, then your contribution is added.
How long: We step month by month until the balance reaches your goal.
How much: We solve the future-value formula for the monthly payment that hits the goal by your target date.
Interest earned: Final balance minus your starting savings and total contributions.

Assumptions & caveats

Return is assumed steady and compounded monthly; real returns vary.
For low-risk goals (cash/savings), use a conservative rate; only use higher rates for longer, invested goals.
Contributions are assumed constant each month.
Taxes and fees are not modelled.

Frequently asked questions

For short-term goals kept in cash or a savings account, use 1–4%. Only use a higher, investment-style rate (e.g. 7%) for goals more than ~5 years away that you'll actually invest.

Yes — money already saved keeps compounding, so a larger starting balance noticeably shortens the time or lowers the monthly amount needed.

It depends on the timeline. Money you need within a couple of years is usually safer in cash; longer horizons can justify investing for higher expected returns.

If the balance never reaches the goal in 'How long?' mode, increase your monthly contribution or extend your horizon.

Track your savings goals automatically

selfinance keeps every goal's progress up to date from your real accounts.

Get started

Your complete financial picture, finally in one place

Join thousands who replaced their spreadsheet juggle and four-app routine with a single, automated view of their net worth, budget, and investments.

Cancel anytime

Savings Goal Calculator

3y 9m

3y 9m

What it is

How the math works

Assumptions & caveats

Frequently asked questions

What return rate should I use?

Does starting savings matter?

Should I invest my goal money?

What if the goal is unreachable?

Your complete financial picture, finally in one place

Savings Goal Calculator

3y 9m

3y 9m

What it is

How the math works

Assumptions & caveats

Frequently asked questions

What return rate should I use?

Does starting savings matter?

Should I invest my goal money?

What if the goal is unreachable?

Your complete financial picture, finally in one place