Savings Goal Calculator
Plan your path to financial freedom and reach your savings goals.
Calculator
$
$
%
Timeline
25 MOS
Interest
$0
Expected Finish
2y 1m
Out of Pocket
$5,000
Goal Total
$5,000
What is a Savings Goal Calculator?
A savings goal calculator is a simple tool that shows you how long it will take to reach a specific financial target. By entering your desired goal amount, your regular contribution (e.g., monthly savings), and an estimated annual interest rate from a savings account or investment, the calculator projects a timeline. It helps you visualize your progress and understand how consistent saving and compound interest work together to grow your money.
How to Use This Tool
- Enter Goal Amount: Type in the total amount of money you want to save.
- Set Monthly Contribution: Enter the amount you plan to save each month.
- Add Interest Rate (Optional): If your savings will earn interest (like in a high-yield savings account), enter the Annual Percentage Yield (APY). Leave it at 0 for simple saving.
The results will instantly show you the timeline to reach your goal, how much you contributed, and how much you earned in interest.