Savings Goal Calculator

This is the compound interest formula solved for the monthly contribution instead of the final balance. Your starting balance grows on its own, and we calculate the extra monthly deposit needed to close the gap by your target date. Try the forward direction with the compound interest calculator.

Where you park those monthly deposits matters as much as the amount. Money earmarked for a goal a few years out has no business riding out a market crash, which is why many families use high cash value whole life as the "warehouse" for medium-term savings: guaranteed growth, no down years, and you can borrow against it without interrupting the compounding. See how in our Self Banking Blueprint.