Find out how long it will take to reach a savings goal, or how much to save monthly to hit it by a target date.
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Time to reach your goal
2y 5m
$9,000.00 left to save
How the Savings Goal Calculator works
Enter your savings goal, what you've already saved, your monthly contribution, and an optional annual return rate. The calculator simulates your balance growing month by month until it reaches your goal, and reports how long that will take.
Frequently asked questions
What if I don't earn any interest on my savings?
Leave the annual return at 0% — the calculator will simply divide the remaining amount by your monthly contribution to find the time needed.
Can I use this for any goal, not just retirement?
Yes — it works for any savings goal: an emergency fund, a house down payment, a wedding, a vacation, or anything else with a target amount.
What return rate is realistic for a savings goal?
For a high-yield savings account, 3–5% is typical. For a goal several years away invested in the market, a more conservative 5–7% is often assumed.