Savings Goal

Find your timeline or the monthly amount you need.

Your numbers

Enter your numbers to see the result.

How Savings Goal works

The balance grows monthly from current savings and contributions at the APY you enter. The calculator finds the months needed to reach the target or solves for a monthly contribution at your chosen deadline.

A worked example

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

Example inputs

Savings goal: 10000
Current savings: 1000
Monthly contribution: 300
APY (%): 0
Deadline in months (reverse mode): 24

Estimated time to reach your goal: 30 months
Amount still needed: $9,000.00
New contributions: $9,000.00
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.