Savings Goal Calculator
See how long it takes to reach a savings goal.
2 yr 11 mo
Time to Goal
35
Months
1,440.85
Interest Earned
Free online savings goal calculator. Enter a target amount, your current savings, a monthly deposit and an interest rate to see how many months it takes to reach your goal and the interest earned.
How to use the Savings Goal Calculator
- 01Enter your goal amount and how much you have saved so far.
- 02Enter your monthly deposit and the annual interest rate.
- 03See how long it takes to reach the goal and the interest earned along the way.
Frequently asked questions
Does it account for interest on my savings?
Yes. Each month the calculator adds interest to your running balance and then your deposit, compounding monthly until you reach the goal.
What if my deposits are too small to reach the goal?
If the target cannot be reached within 100 years at the given deposit and rate, the tool tells you so you can increase your monthly deposit.