Savings Goal Calculator
Planning a down payment, a trip, or a cushion? Work it out two ways: how long your current pace takes, or how much per month to hit the goal by a date.
How this is calculated
Both modes use the standard future value formula for a starting balance plus regular monthly contributions, compounded monthly. The time mode solves that formula for the number of months until the balance reaches your goal. The monthly mode solves it for the contribution needed to reach the goal within the months you set.
If your saved amount already meets or exceeds the goal, the tool tells you rather than showing a confusing answer. If growth alone will get you there in the time mode, the required monthly contribution can be zero. Nothing is rounded in a way that leaves you short: the required monthly amount is rounded up to the next dollar so you actually reach the target.
A note on being realistic
For a goal within a year or two, keep the return at or near zero and hold the money somewhere safe. You cannot afford to have a down payment fall with the market the month before you need it. For a longer horizon, a modest return is reasonable, but treat it as an estimate, not a promise.
Next steps
Bremo is an independent Canadian personal finance resource, not an adviser. Returns are not guaranteed. This tool is a simplified model for general education, before inflation, fees and tax.
Every field updates the result as you type. No signup, no email, no data leaves your browser.