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Savings Goal Calculator
Find the monthly contribution needed to reach a savings target within a chosen term.
- Required monthly contribution
- 200.82
- Future value of existing savings
- 6,381.41
How the calculation works
Contribution = max(0, target − future value of current savings) / future value of one unit contributed monthly.
Inputs
- Savings target
- Current savings
- Effective annual return, %
- Term, months
Calculation details
The constant return is supplied by the user. This is a scenario, not a forecast; taxes, fees, and inflation are not automatically deducted.
Contributions occur at each month end. The effective annual return is converted to an equivalent monthly rate using the twelfth root.
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Updated: 2026-10-02