Savings Goal Calculator
Set your goal, current savings and monthly contribution to see when you will get there.
Time to reach your goal
35 months
Final amount: $20,263.42
Month-by-month simulation
The calculator adds interest to your current balance and then your monthly contribution, one month at a time, until the balance reaches your goal — the same way compound interest actually accrues.
Frequently asked questions
Does this account for interest?
Yes, you can enter an expected monthly interest rate and the simulation compounds it month by month alongside your contributions.
What if I already have some money saved?
Enter that amount as your current savings — it will keep earning interest and count toward the goal from month one.
What if my contribution alone would never reach the goal?
If the goal is unreachable within a reasonable time frame, the tool will show a message asking you to increase the contribution or interest rate.
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