How to reach a savings goal
Working backwards from a target makes saving far easier. This calculator takes your goal, your current savings (which keep growing with interest), and your timeframe, then tells you the fixed monthly amount needed to get there.
Tips to hit your target faster
- Automate the monthly transfer so it happens before you can spend it.
- Keep the money in a high-interest savings account to let interest do some of the work.
- Review the goal each year and increase contributions when your income rises.