Savings goal calculator
Pick which half of the goal you already know, the deadline or the amount you can spare, and this works out the other one.
Your plan
Name the goal, then automate it
A goal with a name and a number behaves differently from a vague intention to save. Once you have the monthly figure, set it to move automatically on payday, the transfer you have to remember is the transfer that doesn't happen.
Move the date before you drop the goal
If the monthly amount is uncomfortable, stretching the deadline by a few months usually brings it back into range. Abandoning the goal costs you the whole thing; extending it costs you a little time.
No assumed returns
This calculator deliberately ignores interest. For a goal inside a few years, a contribution plan you control is more reliable than a projection that depends on a rate nobody can promise.
Everything you type stays in your browser. No sign-up required, and nothing is sent anywhere to produce the result.
Keep this plan going
FinRayan turns numbers like these into a running plan, with recurring items, monthly reviews and a written next step.
Save this in FinRayanCommon questions
- How do I work out what to save each month?
- Subtract what you've already saved from your target, then divide the remainder by the number of months you have. That monthly figure is the whole plan.
- What if I can't afford the monthly amount?
- Move the date rather than abandoning the goal. Switch this calculator to the second mode to see when your realistic contribution gets you there.
- Does this include interest?
- No, it's a straight contribution plan, so the result never depends on an assumed rate of return. Any interest you earn arrives early rather than late.