Calculates how much to save monthly to reach a financial goal.
The savings goal calculator answers two questions: how long will it take to reach a target if you save a fixed amount per month, or how much must you save each month to reach the goal by a deadline.
Future value: FV = PV × (1 + r)^n + PMT × ((1 + r)^n − 1) / r Months needed: solve for n → n = log((FV × r / PMT + 1) / (1 + PV × r / PMT)) / log(1 + r) Required PMT: PMT = (FV − PV × (1+r)^n) × r / ((1+r)^n − 1)
Goal $10,000, current savings $1,000, deposit $200/month, 4% annual interest (0.333%/month). Months to goal ≈ 39 months (just over 3 years).
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