Monthly Savings Calculator
Saving for a down payment, a car, a wedding or an emergency fund? Enter your goal, what you have now, when you need it and the interest rate on your savings account.
- Save each month
- $533.11
- Save each week (≈)
- $123.02
- Total you deposit
- $27,589.07
- Interest earned
- $2,410.93
Worked example
Example: $30,000 in 4 years, $2,000 saved, 4% APY
- $2,000 grows to ≈ $2,340 in 4 years
- Still needed: ≈ $27,660
- Monthly deposit earning 4% ≈ $533
Save about $533 per month (≈ $123 per week).
Formula
C = (Goal − Current × (1 + i)ⁿ) × i ÷ ((1 + i)ⁿ − 1)
i is the monthly rate, n the number of months. With 0% interest it's simply the amount still needed ÷ months.
Frequently asked questions
How much should I have in an emergency fund?
A common target is 3–6 months of essential expenses.
Where should I keep short-term savings?
High-yield savings accounts, CDs or Treasury bills — not stocks — for money you need within a few years.
Is this financial advice?
No. Results are estimates for planning and education. Rates, taxes and lender rules vary — confirm with your lender or a licensed financial professional.
Last reviewed October 17, 2026 · Calculations run in your browser; nothing you enter is sent to a server.