Savings goal calculator
Enter your goal, current savings, monthly amount and rate to see how long it takes.
Savings goal calculator
See how long it takes to reach a savings goal given what you already have, how much you add each month and an annual interest rate. The result is shown as years and months plus the date you’d hit the target.
How it works
Each month your balance earns interest at the monthly rate (annual ÷ 12) and grows by your contribution. The calculator finds the number of months until the balance reaches your goal. With a 0% rate it’s simply the gap divided by your monthly amount.
Tips to reach it faster
- Increase the monthly amount — it has the biggest early impact.
- Start with a higher balance if you can.
- A better rate helps most over long horizons (compounding).
Frequently asked questions
Why does it say “not reachable”? With a 0% rate and no monthly contribution the goal can never be reached, so add a monthly amount.
Is interest compounded? Yes — monthly, on the running balance.