Purchase Savings

Estimate how long it takes to save for a purchase.

Your numbers

Enter your numbers to see the result.

How Purchase Savings works

Subtract money already set aside from the purchase price and divide by regular savings. Whole periods are rounded up when a full contribution is required.

A worked example

These sample values illustrate the calculation. Use your own numbers in the calculator for your result.

Example inputs

Item cost: 1500
Current savings toward item: 200
Monthly amount available: 150

Estimated time to reach your goal: 9 months
Amount still needed: $1,300.00
New contributions: $1,350.00
Estimated interest: $0.00

Assumptions and limits

Rates, fees and contribution schedules are the assumptions you enter. This estimate does not include changes you have not entered.

Educational estimate only. This is not personalized financial, investment or tax advice.