Savings Goal Calculator

Monthly Savings Required

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Save this much every month to hit your target.

Reverse Engineering Your Goals

Most people save what is "left over" at the end of the month—which is usually nothing. To reach a goal like a wedding, a new car, or a down payment, you must reverse engineer the math. By knowing exactly how much you need to set aside monthly ($416/month to save $10,000 in two years), you can treat savings like a bill that must be paid.

Pay Yourself First

The secret to hitting these targets is automation. Set up an automatic transfer from your checking account to your savings account on payday. If the money moves before you see it, you will naturally adjust your spending to fit what remains. This strategy, known as "Paying Yourself First," is the cornerstone of personal wealth building.