Finance Tools
Savings Goal Calculator
See how long it will take to reach a savings goal based on your current savings, monthly contributions, and expected annual growth rate.
See how long it will take to reach a savings goal based on your current balance, monthly contributions, and expected annual growth rate.
How to use this savings goal calculator
- Enter your current savings balance.
- Enter how much you plan to contribute each month.
- Enter your expected annual interest or growth rate.
- Enter your target savings goal amount.
- 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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