Savings Goal Calculator

Estimate how long it will take to reach your savings goal with compound interest

Goal & Inputs

Target Amount ($)

Current Savings ($)

Monthly Contribution ($)

Expected Annual Return (%)

Projection Results

Fill inputs and calculate to see your timeline

Savings Goal Tips

Even small increases in monthly contributions can significantly reduce the time to reach your goal.

Set up automatic transfers to ensure consistent contributions without thinking about it.

Consider diversified investment options that may offer higher returns than traditional savings accounts.

Build a 3-6 month emergency fund before focusing on longer-term savings goals.

Use 401(k), IRA, or other tax-advantaged accounts to maximize your savings efficiency.