Make it automatic
Schedule the deposit for the day after payday so the money moves before you can spend it. If the monthly number feels too high, extend the deadline by a few months and watch how fast it drops.
Savings goal calculator
Pick a target and a deadline. You'll get the monthly amount that gets you there.
Savings plan36 months
Save each month
$464.77
That's about $107.25 a week.
| You deposit in total | $18,732 |
|---|---|
| Interest helps with | $1,268 |
Frequently asked questions
How much should I save each month?
Divide what you still need by the number of months left, then let interest cover a little of it. This calculator does both: it grows what you already have and finds the deposit for the rest.
How big should an emergency fund be?
A common target is three to six months of essential expenses. If your income is irregular or you support others, aim for the higher end.
Where should I keep short-term savings?
For goals within a few years, savings that is insured and easy to reach, such as a high-yield savings account, money market account or CDs, protects the money from market drops.