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Savings Goal Calculator — Monthly Contributions

Enter a savings goal, current balance and number of months to calculate equal monthly contributions.

Enable JavaScript to use the interactive tool. Instructions and examples are available below.

A LITTLE GUIDANCE

Savings Goal Calculator — Monthly Contributions guide

Divide the shortfall to a goal across a chosen number of months, without interest or taxes.

How to use

  1. Enter the target amount and the amount already saved.
  2. Choose how many months you have to save.
  3. Review the remaining shortfall and monthly contribution needed.

Worked example

Input
Set a goal of 1,000,000 KRW, current savings of 400,000 KRW and a six-month period.
Result
The shortfall is 600,000 KRW, so saving 100,000 KRW per month reaches the goal.

Common questions

Are interest and taxes included?

No. The calculation assumes equal monthly contributions and excludes interest, investment returns, taxes and fees.

What if my current savings already meet the goal?

The additional amount needed is zero. You can enter a higher target or start a new plan with different amounts and a different saving period.