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Savings Goal Calculator

Enter a target, time and monthly interest to find the monthly amount to save.

Monthly saving needed$9,616.43

How it is calculated

Saving = target × r ÷ ((1 + r)^n − 1); with 0% interest, target ÷ months.

Worked example

Target amount: 500000 · Months: 36 · Monthly interest (%): 2

Monthly saving needed$9,616.43

FAQ

Existing savings?

Subtract them from the target first.

Are the results exact?

Results are estimates for information only; check official sources for binding figures.

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Last updated: 2026-11-05