How to Use the Savings Goal Calculator
Enter your savings goal amount, current savings (if any), a monthly contribution amount, and an expected interest rate — the calculator shows how long it will take to reach the goal, or, alternatively, how much you'd need to contribute monthly to hit a specific target date.
The Savings Goal Calculator works in either direction — here's how to use it for either question.
Finding how long a goal will take
Enter the target amount, current savings, monthly contribution, and interest rate to see the projected time to reach the goal — useful for checking whether a current savings plan is realistically on pace.
Finding the contribution needed for a specific date
Alternatively, entering a specific target date instead of a contribution amount shows the monthly contribution required to reach the goal by that date — useful for a goal with a fixed deadline, like a wedding or a planned move.