Savings Calculator Savings Calculator Use this calculator to figure how much your current savings will grow and how much more you’ll need to save each month in order to achieve a given savings goal within a given number of years. Start with Line 1 and enter your future savings goal. 1. Savings Goal. ? Enter the amount of your future savings goal. 2. Current savings balance. ? Enter the amount of money you currently have set aside (in an interest earning account) for applying toward your future savings goal. 3. Annual percentage rate (APR). ? Enter the annual percentage rate (as a whole number, e.g. if 6.5%, enter 6.5) that you expect your savings will grow at. 4. Number of years. ? Enter the number of years between now and when you want to accomplish your savings goal. Then click on the [Compute] button. 5. Current savings future value (FV). ? This is the amount your current savings will grow to at the end of the specified number of years. 6. Total savings gap. ? This is the total additonal amount you will need to meet your savings goal. 7. Monthly deposit required: ? This is how much money you will need to save every month to reach your future savings goal.