Savings Goal Calculator
See how long it'll take to hit your savings goal, or how much you need to save each month to get there by a target date.
Your goal
Balance over time
Two ways to plan a savings goal
Most savings goals get planned one of two ways: you know how much you can set aside each month and want to know when you'll hit the target, or you have a deadline — a wedding, a down payment, a trip — and need to know how much to save each month to get there. This calculator handles both, and factors in interest so a high-yield savings account gets credit for the growth it adds.
Why interest matters more over longer goals
For a goal a year or two out, interest barely moves the needle. For a goal five or more years away, compounding monthly interest on a growing balance can shave meaningful time off your timeline — or meaningfully lower the monthly amount you need to set aside.
Also useful: Budget Calculator and Compound Interest Calculator.
Frequently asked questions
Yes — enter an annual interest rate (use your savings or money-market account's APY) and it compounds monthly alongside your contributions.
Enter it as your starting balance — the calculator subtracts what you've already got before projecting how the remaining gap closes.
Use "Time to reach goal" if your monthly contribution is fixed and you want to know when you'll get there. Use "Monthly amount needed" if you have a deadline and want to know how much to set aside each month.