CoinCompassCanadian money
Home / Calculators / Savings goal calculator
Calculator

Savings goal calculator

Work backwards from your goal: enter the target and timeline, and see what you need to set aside each period to get there.

You need to save
$591
$100,000Goal
$7,091Per year

Educational estimate — not individualized financial advice. Assumes steady rates; excludes taxes and fees unless stated.

How it works

Solves the future-value annuity for the payment that reaches your target, accounting for growth on both what you've saved and what you add. Assumes a steady return.