Savings Goal Calculator
Set a savings target and see how long it'll take to reach it with monthly contributions and compound interest.
Your Savings Plan
Time to Reach Goal
Total Contributions
Interest Earned
Final Balance
| Goal Date | |
|---|---|
| Monthly Contribution | |
| Percentage from Interest |
Disclaimer: This calculator assumes constant interest rates. Actual returns vary. Not investment advice. Last updated: August 2026. Source: Standard compound interest formula.
How Compound Interest Works
Compound interest earns returns on both your original money and previously earned interest, accelerating growth over time.
Worked Example
Starting with $5,000 and adding $500/month at 4% annual rate, you'd reach a $50,000 goal in approximately 77 months (6 years, 5 months). Total contributions: $43,500. Interest earned: approximately $6,770 — about 13.5% of your final balance came from returns.