Savings Goal Calculator
Find out how long it will take to reach a savings goal with compound interest, or calculate the monthly contribution needed to hit a target date, right in your browser. Includes a year-by-year growth breakdown. Nothing is sent to a server.
Two calculation modes
Solve for how long it will take to reach your goal at a given monthly contribution, or solve for the monthly contribution needed to reach your goal by a specific date.
Compound interest included
Growth is calculated with monthly compounding at the interest rate (APY) you enter, not simple addition.
Year-by-year breakdown
See your projected balance, total contributed, and interest earned for every year until you reach your goal.
Common Mistakes to Avoid
Ignoring interest entirely
Solution:
Even a modest high-yield savings APY meaningfully shortens the time to reach a goal — always enter a realistic rate rather than 0%.
Setting an unrealistic time frame
Solution:
If the required monthly contribution comes back very high, extend your target date or increase your current savings input.
Frequently Asked Questions
Yes — growth is compounded monthly at the annual rate you enter.
Yes — it works for any goal amount: a house down payment, a vacation, a car, or general savings.
Two calculation modes
Solve for how long it will take to reach your goal at a given monthly contribution, or solve for the monthly contribution needed to reach your goal by a specific date.
Compound interest included
Growth is calculated with monthly compounding at the interest rate (APY) you enter, not simple addition.
Year-by-year breakdown
See your projected balance, total contributed, and interest earned for every year until you reach your goal.