Savings Goal Calculator
The monthly amount required to hit a target by a date, with or without investment growth.
How this number is built
Doing it by hand
Step 1
Set the target in the amount you will actually need, including fees and taxes.
Step 2
Enter what is already set aside for this specific goal only.
Step 3
Fix the deadline honestly; a date you cannot move changes the maths completely.
Step 4
For horizons under three years use a cash return, not an equity assumption.
Step 5
Compare the required amount against your real capacity and adjust one of the three inputs.
What people ask next
Should short-term goals be invested?
Money needed within two or three years is usually kept in cash or short-term deposits, because a downturn just before the deadline cannot be waited out.
What if I cannot reach the number?
Extending the deadline has the largest effect, followed by reducing the target. Chasing a higher return is the riskiest of the three levers.
Searches this page answers
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