How is the monthly savings amount calculated?

We solve the future-value-of-annuity formula for payment: PMT = FV × r / ((1+r)^n − 1), where r is the monthly rate and n is total months.

What annual return should I assume?

For a savings account: 4–5%. For index funds: 7–10% historical average. Be conservative to avoid disappointment.

Finance

Tell us your goal amount, timeline, and current savings — we'll calculate exactly how much to set aside each month to reach it.

Be specific — "save $5,000 for a trip" beats "save more".
Pick a date — deadlines create urgency.
Automate — set a recurring transfer the day after payday.
Use the right account — a high-yield savings account at 4%+ APY is worth it.
Track monthly — review and adjust every 30 days.

How is the monthly amount calculated?

Future value of annuity formula, solved for payment.

What annual return to assume?

Savings 4–5%, index funds 7–10%. Be conservative.

Should I include current savings?

Yes — current balance is the starting point.