Goal amount
$100,000
Your target ending balance.
Finance calculator
Savings Goal Calculator
Work out how much you need to save each month to reach a target balance using your starting amount, time horizon, annual return assumption, and compounding frequency.
Principal-only value
$20,097
What the initial savings could reach without any new monthly contributions.
Total contributions
$65,397
Initial savings plus the monthly contributions required to reach the target.
Estimated growth
$34,603
The share of the target balance coming from estimated returns instead of direct contributions.
Savings path
This schedule assumes monthly contributions made at the end of each month, which matches the way Investor.gov frames its savings goal calculator.
| Year | Balance | Contributions | Growth |
|---|---|---|---|
| 1 | $16,444 | $15,540 | $904 |
| 2 | $23,354 | $21,079 | $2,274 |
| 3 | $30,763 | $26,619 | $4,144 |
| 4 | $38,707 | $32,159 | $6,549 |
| 5 | $47,227 | $37,699 | $9,528 |
| 6 | $56,362 | $43,238 | $13,123 |
| 7 | $66,157 | $48,778 | $17,379 |
| 8 | $76,660 | $54,318 | $22,343 |
| 9 | $87,923 | $59,857 | $28,066 |
| 10 | $100,000 | $65,397 | $34,603 |
Scope note
This page is a savings-planning calculator, not a market forecast. It uses standard compound-growth math with monthly contributions and the annual return assumption you enter. It does not model taxes, fees, or changing rates over time.
If your starting balance could already reach the goal on its own, the required monthly contribution will show as zero.
Why this calculator is structured around monthly saving
Investor.gov currently presents its savings goal calculator as a way to find the monthly amount needed to reach a specific target. This page follows that same framing instead of blending together irregular deposits, withdrawals, and shifting contribution patterns.
What is accurate here and what is not
The math is exact for the assumptions entered: monthly end-of-period contributions, a fixed annual return assumption, and the compounding frequency selected. What is uncertain is the return assumption itself, because real savings products and markets do not move in a perfectly fixed line.
Official reference checked on April 10, 2026: Investor.gov Savings Goal Calculator.
Frequently asked questions
What does this savings goal calculator solve for?
It solves for the monthly contribution needed to reach a target balance from your current savings, time horizon, expected annual return, and compounding frequency.
Why does the result use monthly contributions?
Investor.gov currently describes its savings goal calculator as finding how much you need to contribute each month to reach a specific savings goal. This page follows that same monthly-contribution framing.
Does this page guarantee an investment outcome?
No. The result is only as accurate as the return assumption you enter. Real markets, savings products, fees, and taxes can all move the actual outcome away from the estimate.
What if my current savings could already reach the goal?
Then the required monthly contribution will show as zero. In that case, the starting balance and estimated growth are already enough to hit the target over the selected period.
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