Find out how much you need to save each month for a goal, after including the growth of what you have already saved.
Your existing savings are projected forward to see how much they'll grow to on their own.
The remaining gap is then converted into a required monthly savings figure.
Remaining goal: Target − (current savings grown at the expected rate)
What if my current savings already cover the goal?
The monthly savings needed will show as zero. Your current savings, left to grow on their own, are expected to reach your goal by themselves.