Free savings goal calculator. Two ways to run it: enter what you can save each month to find out when you get there, or enter a deadline to find out how much per month it takes.
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Savings goal calculator
Two ways to run it: enter a monthly amount to see when you get there, or enter a deadline to see how much per month it takes.
Interest compounds monthly. For goals inside about three years, keep the money in cash — certainty of value beats expected return when the money has a date. Educational tool, not financial advice.
Why it shows contributions and interest separately
On short goals, almost all of the result is money you put in — interest is a rounding detail. On long ones the balance tips. Splitting the two makes it obvious which kind of goal you are actually running, and stops anyone mistaking a savings target for an investment plan.
Where the money should sit
If the goal is inside about three years, keep it in cash: a high-yield savings account, CDs or T-bills. Certainty of value beats expected return when the money has a date — a 30% drawdown the quarter you needed it does not delay the purchase, it cancels it.
Past three years the conversation legitimately changes, and the closer you get to the date the more the money should shift back toward cash.
Long timelines are a signal, not a verdict
If the calculator returns a horizon measured in many years, that is worth acting on rather than accepting. Either stage the goal into smaller milestones that each buy real protection, or attack the inputs — and on big goals, income usually moves the date more than any spending optimisation can.
Related: the emergency fund calculator, sinking funds for dated irregular expenses, and compound interest for goals long enough that growth does the work.
Educational tool, not personalized financial advice. Interest compounds monthly at the rate you enter; real savings rates move.