How Much Should You Save Each Month? Work the Goal Backwards
The question everyone asks Most calculators tell you what you will have. The question people actually ask is the other direction: “I want to reach a number by a date — how much do I need to put aside each month?” That is a solvable equation, and the answer is often more encouraging than people expect, because the growth does part of the work. Try it yourself in the savings goal calculator while reading. ...