Savings Goal Calculator
Determine how much to set aside each month to reach a specific savings goal by your target date.
Projected balance
After 4 years
$35,945.06
Total contributions: $19,200.00
Goal progress
At current pace
71.9%
Goal: $50,000.00
Needed monthly savings
To hit goal on time
$666.78
Currently contributing: $400.00
Time to goal
With current plan
6.1 years
$14,054.94 short of target
Savings trajectory
Watch your balance climb each year. Increase contributions or return assumptions to change the slope.
Savings growth
24.7%
Annual deposit
$4,800.00
Average yearly growth
$1,186.26
Yearly checkpoints
Balance, contributions, and growth at the end of each year.
| Year | Balance | Contrib. to date | Growth to date |
|---|---|---|---|
| 1 | $17,545.95 | $4,800.00 | $745.95 |
| 2 | $23,375.64 | $9,600.00 | $1,775.64 |
| 3 | $29,503.59 | $14,400.00 | $3,103.59 |
| 4 | $35,945.06 | $19,200.00 | $4,745.06 |
Quick optimization tips
Immediate adjustments that move you closer to funding your goal on schedule.
- You're on track to finish $14,054.94 short. Add $292.81 per month or extend the timeline to close the gap.
- If you invest more aggressively, update the return assumption to see potential upside.
- At the current pace you'll reach the goal in about 6.1 years—consider increasing contributions or trimming the target.