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Savings Goal Calculator

How much to save each month to reach a goal by a deadline.

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Result…

$
$
years
% / yr

Yearly rate (APY) the savings earn.

 

…

How it's calculated

Deposit = (goal − S × (1 + i)^m) × i ÷ ((1 + i)^m − 1)
i = (1 + yearly rate)^(1/12) − 1, m = months

Works backwards from a target: what you already have grows on its own, and the monthly deposit fills the rest by the deadline. A higher rate or a longer time lowers the deposit.

Your numbers, step by step

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