Savings Calculator
Calculate how long it takes to reach your savings goal, or how much to save each month.
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Time to Goal
44 months
≈ 3 years, 8 months
How to Reach Your Savings Goal
Consistency beats intensity. Saving $400/month consistently for 3 years beats saving $1,200/month for 1 year, because compound interest has more time to work. Start as early as possible.
Frequently Asked Questions
How do I reach a savings goal?
Enter your goal amount, current savings, monthly contribution, and expected interest rate. The calculator shows how long it takes to reach your goal and whether you need to save more.
What interest rate should I use for savings?
High-yield savings accounts typically offer 3–5% APY. For longer goals, investment accounts may average 6–8%. Use a conservative rate for planning.
How much should I save each month?
A common guideline is 20% of income. For specific goals, divide the target by the months available. This calculator shows if your current pace is enough.