Money
Savings Goal Calculator
Find the monthly, weekly or daily amount needed to reach a savings target on time.
Save each month
$500.00
- Weekly equivalent
- $115.38
- Daily equivalent
- $16.44
- Current progress
- 10%
CalculateWise provides estimates for informational purposes only and is not financial, tax, legal, lending or investment advice.
How to use the Savings Goal Calculator
- Enter the target and current savings.
- Enter the number of months remaining.
- Optionally include an expected annual return.
How it works
With no return, the remaining gap is divided evenly. With a return, monthly compounding is included.
Formula
Monthly savings = remaining goal ÷ months (at 0% return)
Example
To add $9,000 over 18 months with no return, save $500 per month.
Common uses
- Emergency funds
- Vacation budgets
- Large purchases