Savings Goal Calculator
Find out how long it takes to hit a savings target based on what you already have, how much you add each month and the interest you earn. Adjust the inputs to plan a realistic timeline.
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Assumes contributions are added at the end of each month and interest compounds monthly at a fixed rate. Real returns will vary.
Frequently asked questions
How does this calculator work out the timeline?
It starts with your current balance and, month by month, adds your contribution and the interest earned, until the running total reaches your goal. The number of months is then shown as years and months.
Does the interest rate make a big difference?
Over short periods the rate matters less, but on longer goals compounding adds up. A higher rate means more of your target comes from interest and less from your own contributions.
What if I cannot reach my goal?
If your contributions and interest are too small to ever reach the target, the calculator caps the timeline at 100 years. Increasing your monthly amount is usually the fastest fix.