Goal
Savings Goal
Plan your financial future
Calculate how much you need to save each month to reach your savings target with compound interest.
Your Goal
Projected Growth
Rate this Calculator
—out-of-5
0 ratings
5
0
4
0
3
0
2
0
1
0
Reviews & Comments
No reviews yet. Be the first to share your thoughts!
How It Works
The Formula
PMT = (FV − P(1+r)^t) × r ÷ ((1+r)^t − 1)
FV = target · P = current · r = monthly rate · t = months
Worked Example
$50,000 in 5 yrs · have $10,000 · 4%
- 1r = 0.00333, t = 60
- 2PMT ≈ (50000 − 12216) × 0.00333 ÷ 0.2209
- 3PMT ≈ 570
Result: ≈ $570 / month
Pro Tip
Automate the transfer on payday — you can't spend what you never see.
Share this calculator
Frequently Asked Questions
How to Use This Calculator
More from Finance
Learn more in our guides
C
About the author
Calculatore.net Team
Our team of finance and math specialists builds every calculator with industry-standard formulas, then verifies each tool hands-on. Learn more in our blog & guides.