🎯 Savings Plan Calculator
Work backward from a savings goal to find the monthly contribution you need to make to get there on time.
What this calculator solves
Instead of projecting a balance forward, this calculator works backward: given a savings goal, a timeline, and an expected interest rate, it figures out how much you need to contribute each month to reach that goal on schedule.
How the math works
It first projects your current savings forward with compound interest to see what it will grow to on its own. Whatever is left of the goal after that gets divided across the required number of monthly contributions using the standard savings-annuity formula, which accounts for the interest each contribution will also earn along the way.
This tool is for general planning and education. Actual returns depend on your specific accounts and market conditions, and are not guaranteed.