Savings Goal Calculator — Monthly Deposit to Reach Your Goal
Reviewed 2026-06-03 · FinCalc Hub Editorial
Have a target in mind — a down payment, an emergency fund, a trip? Enter your goal, starting amount, and APY to see the monthly deposit that gets you there.
Monthly deposit needed$651
Projected balance$50,000
Interest earned$5,914
Assumes constant APY compounded monthly. Rates change over time.
Frequently asked questions
- What APY should I use?
- High-yield savings accounts often pay more than traditional banks. Use your account's current APY, which can change over time.
- Is this guaranteed?
- No. The projection assumes a constant APY. Savings rates are variable and can rise or fall.