Savings Goal Calculator
Work out how much to set aside each month to hit a savings goal. Enter your goal amount, what you've saved so far, an expected annual return and your timeline — the calculator solves for the monthly contribution you need.
How to use it
Enter your savings goal, your current starting balance, an expected annual return, and the number of years until you need the money. Instead of a future value, the calculator solves for the monthly amount required to reach the goal, and shows how the balance grows toward it.
If the required monthly amount is higher than you can manage, you have three levers: extend the timeline, raise the starting balance, or seek a higher return (which usually means more risk). Adjust the inputs to find a plan that fits your budget.
Frequently asked questions
How does it find the monthly amount?
It works backward from your goal: given your starting balance compounding at the return you enter, it solves for the monthly contribution whose compounded value closes the remaining gap by your target date.
What if my starting balance already reaches the goal?
Then no monthly contribution is needed — the calculator will tell you your initial amount alone grows past the goal within your timeline. You can shorten the horizon or raise the goal to model further.
What return should I assume?
For short goals, a conservative savings or CD rate is safest. For goals many years away, some people assume a higher investment return, accepting more risk. Lower the return for a more cautious, more achievable plan.
BriskToolbox provides estimates for general information only and is not financial advice. Investment returns are not guaranteed.