Save Up in One Year

This page opens the savings goal calculator with the horizon preset to one year — the natural deadline for a vacation, holiday season, tuition installment, insurance premium or next year's tax bill. Enter the amount and the calculator splits it into twelve end-of-month deposits.

On a 12-month horizon the arithmetic is refreshingly transparent: at 0% the deposit is exactly the goal divided by 12 — 12,000 means 1,000 a month, 6,000 means 500. Interest plays only a small supporting role this close up: at a 4% annual rate, interest covers only about a fifth of one monthly deposit over the whole year. That is a feature, not a flaw — one-year goals are about cash discipline, not returns, which is also why they belong in a savings account rather than in anything that can dip 10% the week you need the money.

Two ways to make the twelve deposits easier: start with whatever you already have — the calculator subtracts its future value from the goal before splitting the rest — and if your income is irregular, set the deadline date field to your actual due date instead of a round year, so the plan matches the number of paydays you really have.