Vickery Finance

Savings Goal Calculator

Two questions, one tool: what must you save each month to hit a deadline — or, saving what you can, when do you arrive?

Your answer
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Please note: calculator results are educational estimates only, calculated from the numbers you enter. They are not financial, tax, or legal advice, and they are not a guarantee of any outcome.

Leave "Monthly amount" at 0 to use deadline mode. Enter any amount above 0 and the tool switches to time-to-goal mode (the months field is then ignored).

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A goal with a monthly number is a plan.

The Emergency Fund Planner turns this one calculation into a tracked build — target by months of expenses, progress logging, and a per-paycheck plan that survives real life.

See the Emergency Fund Planner

Disclosure: this page is published by Vickery Finance, and the spreadsheet linked above is our own paid product — we receive the purchase price if you buy it. The calculator on this page is free and works in full without any purchase.

Deadlines and amounts: the only two honest questions

Every savings goal reduces to one of two questions. Either the deadline is fixed — a house deposit in twelve months, a tax bill in April, a wedding in June — and you need the monthly amount that gets you there. Or the amount is fixed, because it is what your budget can spare, and you need to know when you will arrive. This calculator answers both: leave the monthly amount at zero and it divides the remaining distance by your deadline, adjusted for interest; enter an amount instead, and it counts forward month by month until the goal is reached.

The interest line surprises people in both directions. At a 4% APY, a year's saving toward $15,000 earns a few hundred dollars — real money, worth having, and the reason the required monthly amount is a little less than simple division suggests. But interest is a tailwind, not the engine: on household timescales, the amount you deposit matters far more than the rate you earn, which is why this tool shows the required amount per week and per biweekly paycheck as well as per month. A goal that looks impossible monthly often reads as an achievable amount per paycheck, and paycheck-sized numbers are the ones budgets are actually built from.

Two practical notes. If you have already saved part of the goal, enter it — the tool only makes you fund the distance remaining, and watching "still to save" shrink is the best motivation the math offers. And if the required monthly amount comes back larger than your budget allows, the honest options are the three the formula contains: a later deadline, a smaller goal, or a larger starting amount. Changing the APY barely moves the answer.