Savings Goal Calculator

Plan and track your savings goals. Calculate how much to save monthly for your house, car, emergency fund, or any financial goal.

Your Savings Goal

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Typical savings account: 0-5%

How to Reach Your Savings Goals

Whether you're saving for a house down payment, building an emergency fund, or planning a dream vacation, having a clear savings plan is essential. This savings goal calculator helps you determine exactly how much you need to save each month to reach your target on time.

Popular Savings Goals

🏠 House Down Payment

Typical target: $50,000 - $100,000
Timeframe: 3-7 years

💼 Emergency Fund

Typical target: 3-6 months expenses
Timeframe: 1-2 years

🚗 New Car

Typical target: $20,000 - $40,000
Timeframe: 2-4 years

Tips to Reach Your Goals Faster

  • Automate Your Savings: Set up automatic transfers on payday so you never forget to save.
  • Start Small, Build Up: Even small amounts add up over time. Start with what you can afford and increase gradually.
  • Use a High-Yield Savings Account: Earn 3-5% interest instead of 0.1% with traditional banks.
  • Track Your Progress: Regular check-ins keep you motivated and on track.
  • Cut Unnecessary Expenses: Identify subscriptions or habits you can eliminate temporarily.
💡 Pro Tip:
For longer-term goals (5+ years), consider using our Compound Interest Calculator to see how investing could accelerate your progress with higher returns.

Choosing the Right Savings Strategy

For Short-Term Goals (under 2 years): Use a high-yield savings account or money market account. Safety and liquidity are more important than returns.

For Medium-Term Goals (2-5 years): Consider a mix of savings accounts and low-risk investments like CDs or short-term bonds.

For Long-Term Goals (5+ years): Explore investing in index funds or other growth-oriented investments for potentially higher returns. Check out our retirement calculator for long-term planning.