Monthly Savings Goal Calculator
How much should you save each month to reach your goal?
Whether you are building an emergency fund, saving for a trip, or putting money aside for a down payment, it helps to translate a dollar goal into a monthly habit.
Use the calculator to see how much you need to save each month to hit your target on time, or flip it: enter what you can save monthly and see roughly how long it will take to get there.
Your goal
Set how much you want to save, what you already have, and your timeline.
Plan summary
- Still to save
- $12,000
- Suggested monthly savings
- $1,000
What if you saved a different amount?
Drag to explore timing. Reset happens when you change goal, saved amount, or timeline above.
At $1,000 per month, you would reach your goal in about 12 months.
Savings balance over time
Illustrative path using your suggested monthly savings ($1,000), capped at your goal. Up to 120 months shown.
Related free tool: Emergency Fund Calculator — Essential monthly costs × months of coverage, plus see about how long to reach your target at a monthly savings rate.