Financial Calculator

Savings Goals Calculator


Whether you are saving money for a computer, car, vacation, or down payment on a house, this calculator will determine how much you need to put aside over time.

Savings goals calculator

How much should I save to reach my financial goal?

Our savings goals calculator can help you save for the next important purchase.

Savings goals calculator

Step of 2

  • Savings
  • Returns

Let’s talk about your savings.

Please enter only numbers.
Please enter only numbers.
0 120
0 10

Let’s assume returns.

Enter valid input
-12 12
0 75


The results are hypothetical based on your input. Your results will vary. Any rates used are for illustrative purposes only and does not represent performance of any actual financial vechicle/strategies. 

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Emergency savings first.

Before aspirational purchases, your savings plan should prioritize an emergency fund to protect against job losses or other surprise costs. A good rule of thumb: you should have 3 to 6 months of living expenses in cash.

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Tips for increasing your savings.

01

Make your savings target automatic.

You'll never forget to contribute to your savings if you setup regular automatic payments.

02

Save your windfalls.

If you receive a surprise lump of cash, commit to saving half of it.

More information and resources.

We have the tools and products you need to help you plan your financial future.

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Grow your assets

Whether it's saving for retirement, a new home, or any other goals, you'll need a strategy.

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4 tips for stronger finances

Annual financial strategy tips from our head of Consumer Education.

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Guaranteeing financial futures

Life insurance can protect children from financial hurdles in college.

Want to learn more about saving goals?

Fill out this form and a New York Life financial professional will be in touch soon.