Far Better Off

Savings Goal Calculator

Free · no sign-up · reviewed September 2026

Got a target: a car, a wedding, a house down payment, a dream trip? This tells you the one number that matters: how much to tuck away each month to get there on time.

Set your goal, your deadline and where you'll keep the money, and watch the plan appear.

Drag to adjust

Your numbers

🖼 Save image

Your numbers save automatically on this device. The link opens this calculator with these exact numbers filled in, so you can bookmark a scenario or send it to someone. Printing gives you a clean sheet of just your numbers and the answer.

Save each month

$360.41

to reach $30,000 in 5 years

💡 Set aside $360 a month. Interest chips in about $3,375, so you personally only need to save $26,625 of the $30,000 goal.

$26,625

You save

over the whole time

$3,375

Interest adds

for free

$83

Per week

same as monthly

NowYr 2Yr 5
  • What you put in$26,625
  • Interest$3,375
Monthly amount needed
$360.41
Total you'll contribute
$26,625
Interest earned
$3,375

Savings Goal Calculator · Far Better Off

https://farbetteroff.com/calculators/savings-goal-calculator

Open that link to get this calculator back with these exact numbers. Estimates for education only — Far Better Off is not a lender or a financial advisor, and these results are not financial advice.

📈 Track your saving

Log what you've saved once a month and watch the line climb toward your goal. Everything stays on this device only.

The reminder button downloads a calendar event (works with Apple and Google Calendar) that nudges you once a month. No email, no account.

The 2-minute guide

Make it automatic

The single best savings trick is to automate it: set up an automatic transfer for the monthly amount above the day after payday. Money you never see is money you won't spend, and the goal fills itself without willpower.

Where you park it matters

For goals a few years out, a high-yield savings account or CD earning 4–5% beats a regular checking account earning nothing. The interest column above shows why. For goals 5+ years away, investing can grow it faster, but the value can dip short-term, so match the risk to the timeline.

Shorten the timeline, raise the payment

There's a direct trade-off: a sooner deadline means a bigger monthly amount, a later one means smaller. Drag the years slider to find a monthly number that fits your budget without feeling painful.

Frequently asked questions

How much should I save each month?

Enough to hit your specific goal on time. That's exactly what this calculator gives you. As a general habit, many people aim to save 20% of their income across all goals combined, but the right number is whatever reaches your target without wrecking your budget.

What interest rate should I enter?

Use the APY of wherever the money will live. A high-yield savings account is around 4–5% right now; a regular savings account is often under 1%. If you're unsure, 4% is a reasonable modern estimate for a safe account.

Related calculators

Compound Interest CalculatorCD CalculatorEmergency Fund Calculator

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