Retirement Savings Calculator
Projected nest egg.
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Retirement
Savings Goal Calculator
Find how much to save each month to reach a target.
Monthly needed
—
To hit your goal.
| Total you add | — |
|---|---|
| Growth | — |
| Goal | — |
| Years | — |
Show our math
Enter your figures above to see the step-by-step working.
Everything computed client-sideEverything computed client-side — nothing leaves this page
How the Savings Goal Calculator Works
This works out how much you need to save each month to hit a target by a deadline, accounting for interest or investment growth on the way. It grows your current savings forward, then solves for the monthly contribution that closes the gap. To reach $20,000 in 3 years starting with $2,000 at 5%, you’d save about $464 a month.
A higher return or longer timeline lowers the monthly amount, because compounding does more of the work. With no growth, it’s simply the remaining amount divided by the months.
monthly = (goal − grown current savings) × rate ÷ (growth factor − 1)
Frequently Asked Questions
How much do I need to save each month?
Enter your goal, timeline and current savings; the calculator solves for the monthly amount, including interest earned.
Does interest reduce how much I need to save?
Yes — the higher the return, the less you need to contribute, since growth helps reach the goal.
What if I have no starting savings?
Just enter zero — the calculator finds the monthly amount from scratch.
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