New to this? Read the plain English guide first.
Find the monthly deposit that reaches your goal in time.
A savings goal turns a big number into a monthly step. This tool shows the deposit you need with and without growth, so you can see what steady saving and time can do.
Monthly deposit = (goal – start x (1 + i)^months) x i divided by ((1 + i)^months – 1), where i is the yearly rate divided by 12.
Want the full story with a worked example? Read the Savings Goal guide, or see all of our free calculators. For learning only, not advice.