What if my savings already exceed the target?
The required contribution is shown as zero; the projected current balance is already at or above the goal.
Savings Goal Calculator
Estimate a regular contribution needed to reach a savings target.
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Adjust the values below to get a clear estimate.
Solve for a regular contribution
The current balance is projected at the selected periodic rate. The remaining target is divided by an ordinary-annuity accumulation factor, assuming each contribution arrives at period end.
C = (G − B(1 + i)^n) / (((1 + i)^n − 1) / i); when i = 0, C = (G − B) / nWorked example
A five-year monthly target
Inputs: target: 20,000 · current: 5,000 · annualRate: 3% · years: 5
Illustrative result: About 220 per month
The estimate assumes 60 end-of-month contributions and a constant 3% nominal annual rate compounded monthly.
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Frequently asked questions
Is the assumed return guaranteed?
No. It is an editable scenario input, not a forecast or offer from a financial institution.