# Savings goal calculator

Calculate how much to save each month to reach a target by your deadline. Change your goal, current savings, and time frame in an editable worksheet.

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## Savings goal calculator

Turn a savings target into a monthly deposit. Enter the amount you want to have, how much you have saved already, and how many months you have until your deadline.

Edit any line below. Results update as you type. Use the same currency for all monetary amounts.

```calculio
goal = 15000
saved = 3000
months = 24
remaining = max(0, goal - saved)
monthlySaving = remaining / months
weeklyEquivalent = monthlySaving * 12 / 52
```

[Open in full calculator](/app/?c=goal%20%3D%2015000~saved%20%3D%203000~months%20%3D%2024~remaining%20%3D%20max(0%2C%20goal%20-%20saved)~monthlySaving%20%3D%20remaining%20%2F%20months~weeklyEquivalent%20%3D%20monthlySaving%20*%2012%20%2F%2052)

## How to calculate a monthly savings target

Subtract current savings from the goal to find the amount still needed, then divide by the number of months available. If you have already reached your goal, the required deposit is zero. The weekly equivalent spreads twelve monthly deposits over 52 weeks.

## Assumptions and limits

Use nonnegative savings and goal amounts, and a positive number of months. This worksheet assumes no interest, fees, or withdrawals. The weekly figure is an annualized equivalent; calendar months do not all contain the same number of weeks.

## Does this include interest on savings?

No. This worksheet calculates the deposits needed without interest. To explore a hypothetical return with regular deposits, use the investment calculator and enter your own rate.

## Related calculators and examples

- [Investment growth with monthly deposits](https://calcul.io/investment-calculator/index.md)
- [Monthly household budget](https://calcul.io/examples/monthly-budget/index.md)
- [Vacation budget example](https://calcul.io/examples/vacation/index.md)

New to editable calculations? [Learn how to use variables and formulas](https://calcul.io/instructions/index.md).