Savings Goal Calculator
This free savings goal calculator solves for exactly how much to save each month to hit any target amount, on any timeline.
Your inputs are saved so you can return and edit later. (Turn off to prevent saving. Use private/incognito mode for completely private sessions.)
This is the amount you need to save each month to reach your goal.
Savings Growth Over Time
Year-by-Year Breakdown
How This Savings Goal Calculator Works
Enter your target amount, what you’re starting with, an expected growth rate, and your timeline. Unlike a compound interest calculator that grows a set contribution forward, this one works backward — solving for the exact monthly amount needed to land on your goal by your deadline.
Why a Concrete Number Matters
“Save more for a house” or “build an emergency fund” are intentions, not plans — they don’t tell you what to actually do this month. Converting a goal into a specific monthly dollar amount is what turns it into something you can act on immediately, and it makes tradeoffs visible: if the required monthly contribution feels too high, you can immediately see whether extending the timeline, adjusting the goal, or increasing your growth rate assumption closes the gap.
This is also a useful gut-check tool before committing to a goal. A wildly high required monthly number is a sign to revisit the target or timeline before you’re several months in and behind.
Already know your monthly number and want to see how it could grow beyond your target? Try ezRizq’s Investment Growth Calculator.
Continue Planning on ezRizq
Frequently Asked Questions
How does this calculator work?
Enter your savings goal, what you’re starting with, your expected growth rate, and your timeline. The calculator solves for the exact monthly contribution needed to reach your goal by that date.
What if I don’t know my growth rate?
If your money is sitting in cash, use 0%. If it’s invested, a conservative long-term estimate is safer than an optimistic one. Not sure about your risk tolerance? Try ezRizq’s free Risk Tolerance Assessment.
Can I use this for a short-term goal like a wedding or car?
Yes. For goals under a few years, many people use a low or 0% growth rate, since short time horizons don’t leave much room to recover from market swings.
Does this work for halal-conscious savings?
Yes. The growth rate you enter is neutral to what’s producing it, whether that’s a savings account or profit-based, halal-conscious investments like Shariah-compliant ETFs.
What if the required contribution is too high?
Try adjusting your timeline, initial investment, or growth rate to see how each one changes the required monthly amount — small changes to your timeline often make a bigger difference than expected.
Can I save my progress and come back later?
Yes. With Auto-save turned on, your inputs are saved in your browser and reload automatically next time you visit. Turn it off, or use a private/incognito window, if you’d rather nothing be saved.