How it works
Break any big goal into a monthly habit. Interest helps, but the monthly deposit does the heavy lifting for short goals.
Monthly = Goal × r / ((1+r)n − 1), adjusted for what you already have
Frequently asked questions
How much emergency fund do I need?
3–6 months of essential expenses in an instantly accessible account. Start with $1,000, then build up.
Where should I keep short-term savings?
High-yield savings accounts (4–5% APY currently) — safe, liquid, and earning.
What if I fall behind?
Small increases compound: raising monthly savings 10% yearly gets most goals back on track fast.
Disclaimer: This calculator provides estimates for educational purposes only and is not financial, tax, or legal advice. Consult a qualified professional before making financial decisions.