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Savings goal calculator

Saving for something specific, like a deposit on an apartment, a car repair fund, or a holiday? Tell us how much you need and when you need it.

We'll show how much to put away each week, every 2 weeks, or each month. Keeping it in a Savings accountA bank or credit union account for money you want to keep, not spend. It usually pays a little interest.More in the glossary helps you leave it alone.

We filled in example numbers. Change them to match your situation.

The total you need.

For example, 6 for six months from now.

Your results

Each week
$20.94
Every 2 weeks
$42.86
Each month
$90

What this means

  • To reach $1,000 in 10 months, save about $20.94 a week, $42.86 every 2 weeks, or $90 a month. Pick the one that matches when you get paid.
  • That's $900 more on top of the $100 you already have.
  • Set up an automatic transfer for the day after payday, so saving happens on its own. Or ask your job to send part of each paycheck straight to savings by Direct depositWhen your paycheck goes straight into your bank or credit union account, with no paper check.More in the glossary.

This doesn't count interest. If your savings earn interest, you'll get there a little sooner. If the amount is too much right now, try a later deadline.

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