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Save $25,000 in 5 years at 6%
Exact compound math for the given inputs.
$358.32
monthly deposit to reach the goal
Goal$25,000
You deposit$21,499.20
Interest covers$3,500.80
Deposits60 monthly
Frequently asked questions
How much do I need to save monthly?
To reach $25,000 in 5 years at 6% APY you need $358.32 per month (60 deposits).
How much comes from interest?
You deposit $21,499.20 in total; compound interest contributes the remaining $3,500.80 of the goal.
What if I earn 0% interest?
With no interest you would need $416.67 per month — interest does part of the work here.
Try nearby scenarios
Change the numbers yourself
Open the interactive savings goal calculator — every field is editable.