Calculator

Savings Goal Calculator

Work backward from a target amount and date to find the monthly contribution that gets you there.

← Read the Savings Goals concept page

Target amount

Years to reach your goal

yrs

Current savings

Expected annual return

Required monthly contribution

$249.59

Total you'll contribute

$34,951.07

Growth from returns

$15,048.93

How the math works

Starting from $5,000.00 and contributing $249.59 every month for 10 years at 6% annually reaches $50,000.00. Of that total, $15,048.93 comes purely from investment growth, not from money you put in directly.

Try shortening the time horizon to see how much the required monthly contribution rises — the less time money has to compound, the more of the goal has to come from new contributions instead of growth.