Savings Goal Calculator
Two questions, answered instantly: when will your current pace reach the goal, and how much per month gets you there by a deadline. Compound growth included, assumptions visible, no signup required.
Saving $350/month at 4% you'll reach $20,000 in
3 yr 11 mo
Total contributed: $18,450 · Growth does the rest: $1,665
Assumes a constant annual return compounded monthly and contributions at month-end. Real returns vary, especially for stocks, and this projection is educational, not a guarantee. See how to sanity-check any calculator.
Frequently Asked Questions
How is the time to reach my savings goal calculated?
The calculator compounds your current balance monthly at your chosen annual rate and adds your contribution at the end of each month, counting the months until the balance crosses your goal. It's the standard future-value formula: deterministic math, not an AI estimate.
What annual return should I assume?
Match the rate to where the money will actually sit: high-yield savings accounts have recently paid around 4%, bond funds roughly 4-5%, and diversified stock funds about 7% per year on average historically (with large swings year to year). For short-term goals under 3 years, use a savings-account rate.
Does this calculator account for inflation or taxes?
No. Results are in nominal dollars, before taxes. For long horizons, remember that inflation reduces purchasing power (about 3% per year historically), and interest earned in a savings account is taxable income.
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