How much to save monthly to reach a target

Savings goal

Find out how much to save each month to hit a savings target by a chosen date, accounting for investment growth.

Formula

monthly contribution solved from the future value of an annuity, after growing your current savings

Assumptions

• Return is assumed constant and compounds monthly.
• Does not account for inflation or taxes on investment gains.

Frequently asked questions

What return rate should I assume?
For cash savings, 2-4% is typical in Malaysia. For a diversified investment portfolio, many planners use 5-7% as a long-run estimate — but returns are never guaranteed.

What if I already have some savings toward this goal?
Enter it under "current savings" — the calculator grows that amount at your expected return too, reducing how much more you need to contribute monthly.