Savings Goal Calculator
Find out how long it takes to reach a savings goal with regular deposits.
Time to reach goal
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Total deposited
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Interest earned
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Results update as you type.
About this calculator
A savings goal calculator works out how many months it takes to reach a target amount given your starting balance, monthly deposit and interest rate. It also shows how much of the goal comes from deposits versus interest earned.
Frequently asked questions
What if I never reach the goal?
If your deposit is zero and interest alone cannot reach the target, the calculator shows no result. Increase the monthly deposit to reach the goal in a set time.
Does interest really help much?
Over short periods the deposit dominates, but at higher rates and longer horizons interest can cover a meaningful share of the goal.
Results are estimates for general guidance only, not financial, medical or tax advice.