↗Free
Savings goal contribution
Find the monthly end-of-month deposit needed to meet a goal with monthly compounding. Estimate only; verify assumptions, fees and taxes.
Current savings grow at a monthly decimal rate equal to the nominal annual percentage ÷ 1200, then equal end-of-month deposits fill the remaining goal. The output includes the monthly deposit, future value of current savings and total new contributions.
How to use
- Enter your text, values, or image.
- Adjust the options and run the tool.
- Copy or download your result.
Worked example
Example input
Target amount: 1200 Current savings: 0 Nominal annual rate (%): 0 Months to goal: 12
Example result
{
"monthlyContribution": 100,
"currentSavingsFutureValue": 0,
"totalNewContributions": 1200
}Limitations and details
The term is 1–1,200 whole months; rates stay constant and a goal already met by projected savings needs a zero deposit.
Inputs and options
- Target amount
- Number · Minimum: 0
- Current savings
- Number · Minimum: 0
- Nominal annual rate (%)
- Number · Minimum: 0 · Maximum: 1000
- Months to goal
- Number · Minimum: 1 · Maximum: 1200
Frequently asked questions
Is this tool free and private?
Yes. All 300 tools are free in this phase. Processing happens in your browser; your input and files are not sent to our servers.