Savings Goal Calculator
Calculate how much you need to save monthly to reach your financial goals with compound interest.
Calculator
Calculator Details
Enter your information to calculate results
Results
$40419.83
Projected Savings
$9580.17
Shortfall
Required monthly: $640.87
$30000.00
Total Contributions
$5419.83
Interest Earned
How It Works
The savings goal calculator helps you plan your savings strategy by:
- Calculating future value of current savings with compound interest
- Projecting growth of regular monthly contributions
- Determining if you'll meet your goal or need to adjust contributions
Examples
Example: Save $50,000 in 5 years with $5,000 current savings
Monthly contribution: $500, Interest rate: 5%
Result: You'll have $52,156, exceeding your goal by $2,156
Compare
Compare different savings scenarios with varying contribution amounts and interest rates to optimize your strategy.
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