Formula & method
PMT = (Target − P(1+i)ⁿ) × i ÷ ((1+i)ⁿ−1)
This rearranges the future-value formula to solve for a regular end-of-period contribution.
Assumptions
- Inputs remain in your browser and are not saved.
- Rates are converted to the payment frequency shown.
- Results are rounded for display; internal calculations retain precision.
Example calculation
Example
The expected APY is converted to an effective monthly rate before calculating the monthly amount needed for a five-year goal.
Important
Educational estimates only — not financial, tax or legal advice.