Find out when you'll reach your savings target or how much you need to save
To reach $100,000 in…
Pick a target amount and a deadline, and this calculator tells you the monthly saving required to get there, accounting for interest or investment growth along the way. It answers the practical question behind every goal: what does this cost per month?
Growth does part of the work, so the required contribution is less than the goal divided by the months — and the longer the runway, the bigger that discount. For short-term goals the interest effect is small, and the math is mostly about discipline.
PMT = FV · r / ((1 + r)^n − 1)High-yield savings accounts, money market funds, or CDs matched to your deadline. They're stable and liquid. Stocks are a poor fit for short deadlines because a downturn near your date can force selling at a loss.
Match the assumption to where the money will actually sit: current high-yield savings rates for cash goals, a conservative blended rate for multi-year invested goals. Overestimating the return understates the monthly saving needed — err low.
Usually yes, weighted by priority and deadline. Run this calculator per goal, then check that the combined monthly amounts fit your budget. If they don't, extend the flexible deadlines rather than dropping the critical goals.
If you already have the cash, contributing it now maximizes time invested and reduces the required monthly amount. Monthly contributions are for money you earn along the way — the calculator combines both if you have a starting balance.
Vague saving fails; specific saving works. How to turn any goal — car, house, wedding, sabbatical — into one automatic monthly number.