Goal Savings Calculator
Calculate the monthly savings rate to reach your savings goal. With term and interest rate. Free with amortization schedule, interest comparison, examples.
Required savings rate
€339.56/month
€4,074.71/year
Total deposits
€40,747.08
Of which interest
€9,252.92
Tip: With double the savings rate (€679.12/month) you reach your goal in just 5 years 6 months instead of 10 years.
| Year | Deposits | Interest | Total | Progress |
|---|---|---|---|---|
| 1 | €4,074.71 | €75.54 | €4,150.25 | 8% |
| 2 | €8,149.42 | €320.17 | €8,469.58 | 17% |
| 3 | €12,224.12 | €740.77 | €12,964.89 | 26% |
| 4 | €16,298.83 | €1,344.52 | €17,643.35 | 35% |
| 5 | €20,373.54 | €2,138.87 | €22,512.42 | 45% |
| 6 | €24,448.25 | €3,131.60 | €27,579.85 | 55% |
| 7 | €28,522.96 | €4,330.79 | €32,853.75 | 66% |
| 8 | €32,597.67 | €5,744.84 | €38,342.51 | 77% |
| 9 | €36,672.37 | €7,382.51 | €44,054.89 | 88% |
| 10 | €40,747.08 | €9,252.92 | €50,000.00 | 100% |
Note: These calculations are for informational purposes only and do not replace professional tax or financial advice. All information without guarantee.
FAQ
Frequently Asked Questions
How do I calculate the monthly savings needed for a goal?
Divide the target amount by the number of months, adjusting for expected returns. For longer time horizons, compound interest significantly reduces the required monthly contribution.
What is the best way to save for a specific goal?
Short-term goals (under 3 years) suit fixed-term deposits. Medium-term (3-7 years) benefit from a mix of bonds and equities. Long-term goals (7+ years) can use higher equity allocations.
Are my entered amounts stored anywhere?
No. All calculations happen exclusively in your browser. Your inputs are never sent to our server or stored. You can safely enter sensitive financial data.
Guide
Quick Answer
The target savings calculator computes the monthly contribution needed to reach a specific savings goal within a given time frame.
What is the Goal Savings Calculator?
The target savings calculator computes the monthly contribution needed to reach a specific savings goal within a given time frame.
How does the Goal Savings Calculator work?
Enter your savings goal, investment period and expected interest rate. The calculator determines the required monthly contribution. Alternatively it shows how long you need to save at a given rate to reach the goal.
Key Data and Facts
Uses the savings plan formula with compound interest. A higher return means a lower required contribution. Starting early pays off disproportionately thanks to compound interest.
Sources · E-E-A-T
Official sources
Calculations are based on applicable German laws and official data:
- Deutsche Bundesbank
- Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin)
- Statistisches Bundesamt (Destatis)
Full methodology at Methodology.
Finance
Related Calculators
Consumer Loan Calculator
Calculate monthly payments, total costs and amortization schedule for your loan. With interest rate, term and extra payments.
Interest & Compound Interest Calculator 2026 — Free Online
Calculate compound interest with the Rule of 72: capital doubles in 14 years at 5% p.a. Add monthly savings, get full amortization. Free, no registration.
Home Purchase Financing Calculator
Calculate your mortgage with repayment, fixed-rate period and extra payments. Including amortization schedule and remaining balance.
Compound Interest Calculator
Calculate the compound interest effect over any period. See how your wealth grows exponentially. Free with amortization schedule, interest comparison, examples.