Monthly Savings Calculator
Find out how much to save each month to reach your goal on time.
What you're starting with.
Illustrative only — returns vary and aren't guaranteed.
Save this much per month
$360.41Total you'll set aside
$21,624.78Over 60 months
Private — runs entirely in your browser. Nothing is sent or stored.
This tool is for education and planning only. It is not financial advice. Your inputs run in your browser and are not stored by Recurrings.
Work backwards from the goal
Most saving advice starts with “save more.” This starts with the goal and the date, and tells you the one number that matters: the steady monthly amount that gets you there. Enter the target, what you've already saved, and the timeline.
If the required amount feels out of reach, you have three honest levers: give it more time, aim for less, or free up room by cutting a recurring cost. Seeing the number is what turns “I should save” into a plan.
How this fits into your recurring money
A savings goal becomes a recurring commitment the moment you commit to a monthly amount — one more standing claim on each month's money, except this one is working for you.
The room to fund it almost always already exists, hidden in the recurring costs you've stopped noticing. That's the connection Recurrings makes: the dead subscriptions and price creep it surfaces are frequently the exact monthly figure a goal needs.
The math
monthly = (goal − PV·(1+i)^n) · i / ((1+i)^n − 1)
i = annual return ÷ 12, n = years × 12It's the compound-growth formula solved for the contribution: the steady monthly amount that, with your starting balance and assumed return, lands exactly on the goal by the date. If what you've saved already gets there, the required amount is zero.
For near-term goals keep the return near zero — money you'll need soon shouldn't be at risk. Illustrative, not advice.
Common questions
How is the monthly amount worked out?
It's the steady monthly contribution that, combined with what you've already saved and the return you assume, reaches your goal exactly by the target date — the reverse of a compound-growth projection.
What if I can't save that much?
Then extend the timeline, lower the goal, or cut a recurring cost to free up room. Seeing the required number is what makes the trade-off concrete instead of vague.
Should I assume any return?
For short goals (a year or two) keep the return at or near zero — money you'll need soon shouldn't be at risk. Longer goals can assume more, but conservatively. This is illustrative, not advice.
Related free tools
Monthly Savings Growth Calculator
How recurring monthly savings compound over the years.
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Retirement Savings Calculator
Your projected retirement balance from recurring contributions.
Cancel Unused Subscriptions Calculator
What you'd save by cancelling subscriptions you don't use.
Find the room to hit it
Recurrings surfaces the recurring waste you can cut — often exactly the monthly amount a goal needs.
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