Savings Goal Calculator
Find out how long it will take to reach a savings target with regular monthly deposits and optional interest.
How to use the savings goal calculator
- Enter your goal and what you have saved so far.
- Enter your monthly deposit and expected yearly interest.
- See how long it takes.
Frequently asked questions
How do I calculate how long it takes to save a goal?
Add your monthly deposit and the interest earned each month to the balance until it reaches the goal. The calculator runs that month by month.
Should I count interest?
If your savings earn interest, yes. Enter 0 to see the result without interest.
How can I reach my goal sooner?
Raise the monthly deposit, or lower the target. Even a small increase in the deposit can shorten the time noticeably.
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