🎯Savings Goal Calculator

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Find the monthly contribution needed to reach a goal, or how long a fixed contribution will take — accounting for compounding interest.

⚙️Inputs
Goal amount
Current savings
Annual rate (%)
Compound frequency
Timeframe (months)
📊Results
Required contribution per period
$584.71
Total contributions
$14,032.97
Total interest
$967.03
💡Notes
  • Calculations assume fixed rate and consistent compounding.
  • "Beginning" applies contributions at the start of each period.
  • For weekly/bi-weekly compounding, contributions are aligned to the same period.
How this tool works
1
Choose mode
Select "Find required contribution" to calculate how much to save each period, or "Find time to goal" to see how long it will take.
2
Enter details
Input your savings goal, current savings, annual interest rate, compound frequency, and either timeframe or contribution amount.
3
View results
See the required contribution per period (or time to goal), total contributions needed, and total interest earned.
4
Adjust settings
Toggle "Contribute at beginning of period" to see how timing affects your savings plan.