How much should I save each month?

Use this calculator: enter your goal amount, number of years, and expected return. It will show the monthly amount you need to save to reach your goal. The higher the return and the longer the time, the lower the monthly amount required.

What is a good savings rate?

Financial experts often suggest saving at least 20% of income. This calculator helps you see if your goal is achievable with your timeline and expected returns. Adjust your goal, timeline, or return to find a realistic monthly savings amount.

What return should I assume for savings?

For short-term goals (e.g. emergency fund), use a conservative rate (e.g. 4–6%) as you might keep money in a savings account or short-term deposits. For long-term goals, you might assume a higher return if you invest in bonds or equity, but remember returns are not guaranteed.

How do I reach a big savings goal?

Break the goal into a monthly amount using this calculator. Automate transfers to a separate savings or investment account. Increase the amount when your income rises. Start early so compounding and time work in your favor.

What is an emergency fund?

An emergency fund is typically 3–6 months of expenses kept in a liquid, low-risk account. Use this calculator to see how much you need to save and how long it will take at your chosen monthly savings and expected return.

Savings Calculator

Free savings calculator. Get instant results — no signup, no account. Plan and compare with confidence.

Use the Savings Calculator below.

Calculate how much you need to save regularly to reach your financial goal. Enter goal amount, time, and expected return to get a savings plan.

How to use Savings Calculator

Enter goal amount
Input the amount you want to save (e.g. emergency fund, down payment).
Enter time and rate
Enter how many years you have and expected annual return.
View required savings
See how much to save per month or as lump sum to reach your goal.

Features

Instant results — no waiting or signup.
Free to use — no hidden fees.
No login or account required.
Works on all devices — desktop, tablet, and mobile.
Your data stays private — we do not store your inputs.

Why use this calculator

Plan your finances with accurate estimates.
Compare scenarios in seconds.
Make informed decisions before you borrow or invest.

Supported browsers and devices

All modern browsers (Chrome, Firefox, Safari, Edge).
Mobile-friendly — use on phone or tablet.
No app download — runs in your browser.

Frequently asked questions

Complete guide to Savings Calculator

How much should I save to reach my goal?

This savings calculator tells you how much you need to save each month (or as a lump sum) to reach a target amount by a chosen date. It assumes your savings earn a certain annual return (e.g. from a savings account or investment). The higher the return and the longer the time, the lower the monthly amount needed.

Common savings goals

Emergency fund: Typically 3–6 months of expenses.
Down payment for a home or car.
Education or retirement corpus.
Vacation or large purchase.

Tips for reaching your savings goal

Set a clear target amount and deadline.
Use a realistic expected return (e.g. conservative for short-term goals).
Automate monthly transfers to a separate savings or investment account.
Increase contributions when your income rises.
Keep emergency funds in liquid, low-risk products.

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Disclaimer

Our financial calculators are for informational and educational purposes only. Results are estimates based on the inputs you provide and standard formulas. They are not financial, tax, or legal advice. We do not store or share the numbers you enter.