How much should I deposit now to reach my savings goal?

Calculate how much money you need to contribute now in order to arrive at a specific savings goal.


This tool calculates the future value of your savings based on the information that you provide. It also allows you to calculate in reverse by editing the savings goal and selecting an input - current savings amount, additional deposit amounts, savings time frame, or annual rate of return - to be adjusted by the tool. In other words, for a particular savings target amount, assuming all other fields remain unchanged, you can work backwards to solve any of the following questions:

  • How much will I need to invest upfront?
  • What will I need to save on a recurring basis?
  • How long will I need to save?
  • What annual rate of return will I need to earn?

The calculator assumes you save with a tax-advantaged account.