basic

Savings Required to Reach a Financial Goal Calculator

Monthly saving needed: PMT = FV·r/[(1+r)ⁿ−1].

Calculates the regular monthly savings amount needed to reach a target future value: PMT = FV·r/[(1+r)ⁿ−1], and the total interest earned along the way.

Daniel Oh By Daniel Oh
Published Last reviewed 1 min read

Inputs

$
%
yr

Results

Enter values and click Calculate to see results.
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How to use this calculator

  1. Fill in the inputs above using the units you already have.
  2. Values update automatically as you type — no submit button needed.
  3. Hover any result row for the underlying formula and intermediate values.

Formula

PMT = FV · r / [(1+r)ⁿ − 1]

In depth

Calculates the regular monthly savings amount needed to reach a target future value: PMT = FV·r/[(1+r)ⁿ−1], and the total interest earned along the way.