Savings Goal Calculator

How to use this savings goal calculator

1. Enter your current savings balance.
2. Enter how much you plan to contribute each month.
3. Enter your expected annual interest or growth rate.
4. Enter your target savings goal amount.
5. Click Calculate to see how long it will take to reach your goal.

Example

For $5,000 in savings, contributing $300 per month at 4% annual growth toward a $20,000 goal, this calculator shows:

• How many months and years it will take to reach $20,000.
• The total amount you will contribute over that time.
• How much of your final balance comes from interest growth.

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