Finance calculator

Savings Goal Calculator

Find the monthly deposit needed to reach a savings goal given return rate, years, and optional starting balance.

Instant result

Result

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Enter values to calculate.

Inputs—

Mode—

Formula—

Formulas

Core equations used by this calculator.

PrimaryPayment from FV annuity formula with monthly r and n = years×12

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How to use

Follow these steps for a clear answer.

1

Enter the known values

Fill in each field with amounts and rates as labeled.

2

Calculate

Results update as you type; compare scenarios below when available.

3

Read the outputs

Check the result panel for the primary figure and supporting totals.

Example calculations

Common configurations with formula and result.

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Worked example

Goal 50,000 · 5% · 10 yr · start 0 → monthly ≈ 322.12

Payment from FV annuity formula with monthly r and n = years×12

See result panel

Savings Goal calculator specification

Version 1.0.0 · Last reviewed 2026-07-28

Definition: For an ordinary annuity with monthly compounding, the payment that grows a starting balance to a goal follows the standard future-value-of-annuity rearrangement.
What it calculates: Required monthly deposit to hit a target balance.
Inputs: Values shown on the calculator form
Outputs: Primary result in the result panel
Formula: Payment from FV annuity formula with monthly r and n = years×12
About this calculator

For an ordinary annuity with monthly compounding, the payment that grows a starting balance to a goal follows the standard future-value-of-annuity rearrangement.

Formula

Payment from FV annuity formula with monthly r and n = years×12

Example

Goal 50,000 · 5% · 10 yr · start 0 → monthly ≈ 322.12
Assumptions: Fixed rates and terms as entered; no fees or taxes unless modeled.
Calculation runs locally in the browser.
Units: Currency units as entered (dimensionless rates in %)
Boundary conditions: Zero or missing required fields yield zero or empty results.
Negative inputs are treated as zero.
Example: Goal 50,000 · 5% · 10 yr · start 0 → monthly ≈ 322.12
Validation cases: 50000 · 5% · 10 yr · 0 start → ≈ 322.12 / mo
12000 · 0% · 1 yr → 1000 / mo
goal = start → payment 0
Sources: Standard time-value-of-money / managerial accounting identities
Last reviewed: 2026-07-28
Calculation version: 1.0.0

Frequently asked questions

Key distinctions behind the calculation.

How does the Savings Goal Calculator work?

It uses Payment from FV annuity formula with monthly r and n = years×12. All math runs locally in your browser.

Can I share my inputs?

Yes. Use Copy link in the result panel — the URL stores your current inputs.