About this tool
Work out how much to set aside each month to hit a savings target by a given date, optionally compounding an annual interest rate. Everything is computed live in your browser.
Frequently asked questions
How does interest change the result?
If you enter an annual rate, your current balance is grown by compound interest and each future contribution earns interest too, so the required monthly amount is lower than with no interest.
Is the interest compounded monthly?
Yes — the annual rate is divided by twelve and applied each month, which is the standard assumption for regular savings, and it all runs locally in your browser.