Savings Goal Calculator
Calculate how much you need to save monthly to reach your savings goal.
Enter target amount, timeline, and current savings.
Monthly Savings Needed
Savings goal calculation:
Amount Needed = Target Amount - Current Savings
Monthly Savings = Amount Needed / Number of Months
Weekly Savings = Monthly Savings / 4.33
Daily Savings = Monthly Savings / 30
Savings tips:
- Set up automatic transfers on payday
- Use the 50/30/20 rule: 50% needs, 30% wants, 20% savings
- Keep savings in a high-yield savings account (4–5% APY in 2025)
- Break big goals into smaller milestones for motivation
Common savings goals:
- Emergency fund (3–6 months expenses): $5,000–$15,000
- Vacation: $2,000–$5,000
- Down payment (20%): $40,000–$80,000
- New car: $5,000–$10,000 (down payment)