Quick Answer
To save $500K in 20 years at 7% return, save ~$956/month. Compound interest does the heavy lifting.
Quick Template
Use the full Savings Goal Calculator
This variant is a fast preset. Open the full tool to fine-tune inputs, explore more options, and share the result.
Savings Goal Calculator
Plan your savings to reach your financial goals
Save Monthly
$2,083.33
Amount Remaining
$500,000.00
About Save $500,000 for Retirement
Plan Your Savings
Enter your savings goal, current savings, and either:
- Your monthly contribution → See how long until you reach your goal
- Your target date → See how much you need to save each month
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