SavingsCalculator.ca A TARGET & A LITTLE MOMENTUM
Turn a savings goal into a monthly plan
Estimate a cent-minimal monthly deposit for a target amount and a chosen deadline.
Other starting assumptions use month-end deposits, no fee or tax, and no annual deposit increase. The goal solver finds the smallest supported monthly amount, rounded up to a cent, that reaches your target.
Give the deadline some flexibility
If the monthly amount is uncomfortable, try a longer timeline or a smaller first milestone. No interest is assumed until you choose a rate.
A MONTHLY AMOUNT TO EXPLORE$375.00
To reach at least $10,000 in 24 months under these assumptions.
How we solve itProjected balanceYour contributions
See every month in the ledger
| Month | Deposit | Interest | Interest tax | Account fee | Closing balance | Contributed |
|---|---|---|---|---|---|---|
| 0 | $0.00 | $0.00 | $0.00 | $0.00 | $1,000.00 | $1,000.00 |
| 1 | $375.00 | $0.00 | $0.00 | $0.00 | $1,375.00 | $1,375.00 |
| 2 | $375.00 | $0.00 | $0.00 | $0.00 | $1,750.00 | $1,750.00 |
| 3 | $375.00 | $0.00 | $0.00 | $0.00 | $2,125.00 | $2,125.00 |
| 4 | $375.00 | $0.00 | $0.00 | $0.00 | $2,500.00 | $2,500.00 |
| 5 | $375.00 | $0.00 | $0.00 | $0.00 | $2,875.00 | $2,875.00 |
| 6 | $375.00 | $0.00 | $0.00 | $0.00 | $3,250.00 | $3,250.00 |
| 7 | $375.00 | $0.00 | $0.00 | $0.00 | $3,625.00 | $3,625.00 |
| 8 | $375.00 | $0.00 | $0.00 | $0.00 | $4,000.00 | $4,000.00 |
| 9 | $375.00 | $0.00 | $0.00 | $0.00 | $4,375.00 | $4,375.00 |
| 10 | $375.00 | $0.00 | $0.00 | $0.00 | $4,750.00 | $4,750.00 |
| 11 | $375.00 | $0.00 | $0.00 | $0.00 | $5,125.00 | $5,125.00 |
| 12 | $375.00 | $0.00 | $0.00 | $0.00 | $5,500.00 | $5,500.00 |
| 13 | $375.00 | $0.00 | $0.00 | $0.00 | $5,875.00 | $5,875.00 |
| 14 | $375.00 | $0.00 | $0.00 | $0.00 | $6,250.00 | $6,250.00 |
| 15 | $375.00 | $0.00 | $0.00 | $0.00 | $6,625.00 | $6,625.00 |
| 16 | $375.00 | $0.00 | $0.00 | $0.00 | $7,000.00 | $7,000.00 |
| 17 | $375.00 | $0.00 | $0.00 | $0.00 | $7,375.00 | $7,375.00 |
| 18 | $375.00 | $0.00 | $0.00 | $0.00 | $7,750.00 | $7,750.00 |
| 19 | $375.00 | $0.00 | $0.00 | $0.00 | $8,125.00 | $8,125.00 |
| 20 | $375.00 | $0.00 | $0.00 | $0.00 | $8,500.00 | $8,500.00 |
| 21 | $375.00 | $0.00 | $0.00 | $0.00 | $8,875.00 | $8,875.00 |
| 22 | $375.00 | $0.00 | $0.00 | $0.00 | $9,250.00 | $9,250.00 |
| 23 | $375.00 | $0.00 | $0.00 | $0.00 | $9,625.00 | $9,625.00 |
| 24 | $375.00 | $0.00 | $0.00 | $0.00 | $10,000.00 | $10,000.00 |
Give each goal a little space.
Keep up to 20 separate goals. Each goal uses its own starting balance; this list does not allocate one shared pot or prove that your budget can fund every deposit.
Names and goals stay on your device. A save happens only when you choose it.