Having a goal to save towards encourages saving. Once you have something to save towards you may want to know how much to save monthly to reach your goal.
This targeted savings calculator can help you estimate how much to save every month to reach your target. This is a minimum amount and saving more than the estimated amount will enable you to reach your goal sooner. Watch for high charges on savings accounts as these eat away at earnings and you may find that you will not reach your target. No savings calculator is accurate as there are other factors that can influence the amount saved over time. It is important to see a professional when deciding to save for your goal. This site is a discussion site and not financial advice.