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Save $250,000 in 1 year at 2%
Exact compound math for the given inputs.
$20,643.05
monthly deposit to reach the goal
Goal$250,000
You deposit$247,716.60
Interest covers$2,283.40
Deposits12 monthly
Frequently asked questions
How much do I need to save monthly?
To reach $250,000 in 1 years at 2% APY you need $20,643.05 per month (12 deposits).
How much comes from interest?
You deposit $247,716.60 in total; compound interest contributes the remaining $2,283.40 of the goal.
What if I earn 0% interest?
With no interest you would need $20,833.33 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.