Savings goal
Enter your numbers — the results update instantly.
Monthly saving needed430.72
Total you pay in17,505.96
Interest earned2,494.04
Worked example
Given: Target amount = 20,000; Current savings = 2,000; Annual return = 8 %; Years = 3
Result: Monthly saving needed = 430.72; Total you pay in = 17,505.96; Interest earned = 2,494.04
How it is calculated
1. Enter the values you know. 2. The calculator converts them to base units and applies the formula. 3. The result is shown in the unit you choose.
Frequently asked questions
How do I calculate it?
Given: Target amount = 20,000; Current savings = 2,000; Annual return = 8 %; Years = 3. Result: Monthly saving needed = 430.72; Total you pay in = 17,505.96; Interest earned = 2,494.04.
Is the calculator free and private?
Yes. It is free, needs no sign-up and runs in your browser — the numbers you type stay on your device.