Savings Goal: Calculate how long it will take to reach your financial goal with regular monthly contributions and compound interest.
How the Savings Goal Calculator Works
Enter a target amount, monthly contribution and annual interest rate. The calculator adds the monthly contribution and applies the entered monthly interest rate until the target is reached or the built-in time limit is exceeded.
Results
The calculator estimates the time needed in years and months and reports total months, total contributions, final amount and interest earned when the goal is reached.
Planning Note
The projection assumes a constant contribution and interest rate. Real savings accounts and investments can have changing rates, fees, taxes and irregular contributions.