Savings Goal Calculator

 

This calculator will compute how long it will take you to reach your

desired savings goal, based on three factors: the amount you

currently have set aside, the amount you can add to your savings

each month and the annual interest rate you expect to earn.

 

To calculate the how long it will take to reach your savings goal,

enter the beginning balance, your savings goal, the monthly dollar

amount you plan to deposit and the interest rate you expect to earn,

then click the "compute" button. Note that this calculator is based

on monthly compounding.

Enter the amount you currently have set aside:
Enter the amount you want to accumulate (goal):
Enter the monthly addition:
Enter the annual interest rate:
# of months until goal is met:
# of years until goal is met: