Savings Goal Calculator
Set your goal, set your deadline, and find out exactly how much to save each month to get there.
Savings Goal Planner
How to Plan Your Savings Goals
Whether you're building an emergency fund, saving for a down payment, planning a vacation, or investing in education, this free savings goal calculator shows you exactly how much to set aside each month to reach your target on schedule.
Common Savings Goals and Timelines
Emergency fund: 3–6 months of expenses ($9,000–$18,000 for most people). Target: 12–24 months. House down payment: 20% of purchase price ($40,000–$80,000+). Target: 3–5 years. Vacation: $2,000–$8,000. Target: 6–18 months. New car: $5,000–$20,000 down. Target: 12–36 months.
Where to Keep Your Savings
For goals under 2 years away, a High-Yield Savings Account (HYSA) is ideal. Current rates of 4–5% are the highest in 15 years. For goals 2–5 years away, consider adding CDs or I-Bonds. For goals over 5 years, a mix of stocks and bonds can significantly boost your returns.
Automate to Succeed
The most effective savings strategy is automation. Set up an automatic transfer on payday so the money moves before you can spend it. People who automate savings save 2–3x more than those who transfer manually. Treat your savings goal like a fixed bill you can't skip.