---
title: "Savings Goal Calculator: Monthly Amount Needed | MCC"
description: "Enter a goal, current savings, years and expected interest to see the monthly amount you need to save. Free and private."
url: "https://mcc-solutionsnj.com/bookkeeping/savings-goal-calculator"
---

Free tool

# Savings goal calculator

## Overview

Find what to set aside each month to reach a target by a date.

[![Intuit ProAdvisor Gold tier badge](/img/credentials/intuit-proadvisor-gold.png)](https://proadvisor.intuit.com/app/accountant/search?searchId=matthew-coleman77)Gold tier in Intuit's ProAdvisor program. [See my Intuit listing](https://proadvisor.intuit.com/app/accountant/search?searchId=matthew-coleman77)

Want this tracked every month? Wrenfold keeps your budget on your own device. [See Wrenfold](/personal-finance)

Savings goal ($)

Already saved ($)

Expected yearly interest (%)

Years to reach the goal

Excel workbook · $14

### Net Worth and Savings Goals Tracker

Record your balances once a month and watch your net worth, your goals and your debts change over the year.

[See what is inside ($14)](/toolkits/net-worth-savings-goals-tracker)14-day full refund

Share

## Put this tool on your own site

Free to use. Paste this where you want it to appear. It runs in the visitor's browser, so nothing they enter is sent to us.

[See every calculator you can embed](/embed)

How it works

## How it works

The calculator solves for the monthly deposit so that your starting savings plus deposits, compounded monthly at the rate you enter, reach the goal.

FAQ

## About this calculator

**Is the interest rate guaranteed?**

No. Savings rates change. Enter a cautious rate, or 0 if you do not want to count on interest.

**What if I already have enough?**

The calculator shows $0 per month when your starting savings will grow to the goal on their own.

**Does it account for inflation?**

No. Prices may rise over the years, so you may want a higher goal.

**Is anything saved?**

No. The math runs in your browser and nothing you enter is sent to us.

**Is this tax or financial advice?**

No. It is a calculator for general information. Check the numbers against your own records, and ask an accountant before you act on them.

Read the guide: [How to Find and Cut Subscriptions You Forgot About](/tools/guides/how-to-find-and-cut-subscriptions). Related: [compound interest calculator](/bookkeeping/compound-interest-calculator), [debt payoff calculator](/bookkeeping/debt-payoff-calculator). See [all free tools](/free-tools). More free tools: [Credit card fee calculator](/bookkeeping/credit-card-fee-calculator), [1099-K reconciliation calculator](/bookkeeping/1099-k-reconciliation-calculator), [Current ratio calculator](/bookkeeping/current-ratio-calculator), or [see all free tools](/free-tools).

Free

### Month-End Close Checklist (PDF)

The five-day close, one page to print. Enter your email and we send a link to confirm it is yours, then the download. We may email you about new toolkits, and every email has an unsubscribe link.

General information, not tax or legal advice. [How we write and check our tools](/editorial-standards).

Keep this calculator on your phone: [Add MCC Money to your phone](/tools/mcc-money-app). It's free, works offline and holds 62 calculators.

Excel workbook

### Net Worth and Savings Goals Tracker

Record your balances once a month and watch your net worth, your goals and your debts change over the year.

[See what is inside ($14)](/toolkits/net-worth-savings-goals-tracker)

Also in the [Household Money Bundle](/toolkits/household-money-bundle): 3 products for $39 instead of $47 separately.

Wrenfold

### Keep this going in a budget you own

Wrenfold keeps accounts, budgets, bills and goals on your own computer or iPhone, with budgets that roll over each month. Bring in a bank CSV or your You Need A Budget file, or keep balances current through SimpleFIN Bridge, a separate service you sign up for. $79 once, with an optional $5 a month for updates; the app keeps working if you stop. The free trial records up to 60 entries.

[See Wrenfold](/personal-finance) [Compare the three apps](/software)

## Want your books and numbers handled?

[Free health check](/bookkeeping/health-check)[Call (908) 444-6373](tel:+19084446373)