§ Calculator · Savings
Savings goal
What this is
Monthly deposit needed to hit a savings goal by year Y.
Use this for short-to-mid horizon targets — a down payment, a wedding, a sabbatical — held in HISA or short-bond ETFs. Use the Investment Goal calculator for long-horizon equity-based targets.
Required monthly
$708
Total contributed
$44,987
Canadian HISA rates 2026: 3.0-4.5% range. EQ Bank, Wealthsimple Cash, Tangerine, Simplii are common. Avoid GICs unless you can lock the term match.
Disclaimer
Educational, not financial advice. Output is generated by an AI assistant using simplified assumptions. Tax rates, contribution limits, and benefit amounts change annually; confirm with a CFP, CPA, or the relevant Canadian regulator (CRA, FSRA, OSC, IIROC) before acting.