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Savings goal calculator

Your target, what you have now, and what you can add each month. See when your savings could reach the goal.

Your savings plan
An assumption, not a rate forecast.
Time to target–
Projected balance–
Added contributions
–
Interest earned
–
Approximate target month
–
Balance over time
MonthBalance

Interest compounds monthly at the equivalent of your assumed AER. Contributions arrive at each month’s end. Tax, fees and inflation are excluded.

A plan you can adjust

Change the monthly contribution to compare saving faster with leaving more in your monthly budget. Zero interest is a useful starting point. A higher assumed rate changes the projection, but rates can change and interest may be taxable.

When the target cannot be reached

With no contributions and no interest, a balance below the target will not grow. The calculator also stops projections beyond 100 years rather than presenting a distant date as a practical plan.