Find out exactly how much to save per month to reach any financial goal
$0/mo
Required Monthly Contribution
Goal
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Starting Amount
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Total Contributions
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Interest Earned
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Target Date
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% Funded Already
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FREQUENTLY ASKED QUESTIONS
How is the required contribution calculated?
The calculator uses the future value of an annuity formula, working backwards from your goal to find the contribution amount needed at the specified interest rate and timeframe.
What interest rate should I use?
For a high-yield savings account (HYSA) in 2026, use 4-5%. For a money market fund, 4.5-5.5%. For a conservative investment portfolio, 5-7%. For cash/checking, use 0%.
What if I already have some savings?
Enter your current balance in the 'Current Savings' field. The calculator accounts for interest earned on your existing balance and only calculates the additional contributions needed.
How do I save for multiple goals?
Run the calculator separately for each goal. Consider prioritizing high-interest debt payoff first (effective guaranteed return), then emergency fund (3-6 months expenses), then other goals.