TechTools

Savings Goal Calculator

$
$100$15.0K$1.00M
$
$0$1.0K$15.0K
years
months

1 yr 6 mo total

%

Toggle to adjust for purchasing power

Required Monthly Savings

$749.53

≈ $172.97/week

Initial Savings

$1.0K

6.7% of total

Contributions

$13.5K

89.9% of total

Interest Earned

$508

Free money from compounding

Final Balance

$15.0K

Goal: $15.0K

InitialContributionsInterest

Required Monthly

$749.53

Weekly Equivalent

$172.97

Bi-weekly Equivalent

$345.94

Total Contributions

$13,491.54

Interest Earned

$508.46

Interest as % of Goal

3.4%

Savings Growth Over Time

InitialContributionsInterestGoal

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Create a concrete, achievable plan for reaching any savings target - emergency fund, vacation, house down payment, car, wedding, tuition, or long-term investment. Choose between two modes: time mode tells you how many months it will take given your monthly contribution; contribution mode tells you the exact monthly savings required to hit your goal on a set timeline. Both modes support compound interest with daily, monthly, quarterly, or annual compounding. An inflation adjustment option deflates your future goal to today's purchasing power. Seven presets for common goals provide realistic starting values. A year-by-year breakdown and savings growth chart visualize progress. Supports 14 currencies. All calculations run in your browser - no account needed.

How to Use

  1. 1Pick a goal preset (Emergency Fund, House, Vacation, etc.) or enter your own goal amount
  2. 2Choose your mode: 'Calculate Monthly Savings' for a fixed deadline, or 'Calculate Time to Goal' for a fixed contribution
  3. 3Enter your current savings, interest rate (APY), and compounding frequency
  4. 4Read your primary result - required monthly savings or time to reach your goal
  5. 5Explore the Overview, Year-by-Year, and Scenarios tabs for a deeper breakdown

Features

  • Two calculation modes (time or monthly contribution)
  • 7 goal presets (Emergency Fund, Vacation, House, Car, Wedding, Education, Retirement)
  • Compound interest (daily, monthly, quarterly, annual)
  • Inflation adjustment with custom rate
  • 130+ currencies supported
  • Year-by-year savings breakdown table
  • Savings growth chart with goal line
  • Scenario comparison (more savings, higher rate)
  • Weekly & bi-weekly contribution equivalents
  • Copy summary to clipboard

Frequently Asked Questions

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