Savings Goal Calculator

How long it takes to reach a savings target with a fixed monthly contribution.

100% in your browser · No uploads
Time to reach goal2 years, 1 month
Total contributed$10,000
Interest earned$410
Final balance$10,410

What this does

Savings Goal Calculator figures out how many months you need to save to reach a target amount, given a starting balance, a monthly contribution, and an annual interest rate. Also shows total contributed and interest earned.

When to use it

  • Planning when you'll have enough saved for a down payment
  • Figuring out how much to contribute each month to hit a goal by a deadline
  • Modeling the effect of higher interest rates on your timeline
  • Comparing different savings strategies side by side

Frequently asked

Is the interest compounded monthly?

Yes — the calculator assumes monthly compounding, which matches most high-yield savings accounts.

What if I miss a few months of contributions?

The calculator assumes consistent contributions. In real life, you can always run the numbers again with your updated balance as the starting point.