Savings Goal Calculator
See how long it takes to reach a savings goal with monthly deposits.
Assumes your contribution is added at the end of each month and returns compound monthly. Real returns vary — treat this as a planning estimate, not a guarantee.
Results are estimates for information only, not financial advice. See how we build and verify our calculators.
Find out how long it will take to reach a savings goal. Enter your target amount, what you've saved so far, how much you add each month and an expected annual return, and the calculator shows the time to reach the goal, how much you contribute, and how much comes from compound growth. Great for emergency funds, deposits and big purchases. Runs in your browser.
How to use the Savings Goal Calculator
- Enter your savings goal and current savings.
- Enter your monthly contribution and expected annual return.
- Read how long it takes and how much comes from returns.
Frequently asked questions
How is the time to goal calculated?
The calculator compounds your balance monthly and adds your contribution at the end of each month, counting the months until the balance reaches your target.
What return should I assume?
For a savings account use its interest rate; for investments, a conservative long-run estimate. Lower assumptions give a safer plan since real returns vary.
Does it account for inflation?
No — it works in today's money. To target a future cost, raise your goal amount to reflect expected inflation.