Savings Goal Calculator
Enter a goal, what you already have and how much you can save each month to see when you will hit the target — or how much you need to save to hit it by a deadline.
Time to reach the goal
3y 3m
Reached by
December 2029
Total you will contribute
$23,400.00
Interest earned
$1,600.00
How this was worked out
- Step 1Balance grows by 0.3333% per month plus your $600.00 deposit
- Step 2Repeating the monthly cycle reaches $30,000.00 after 39 months
Formula
Balance next month = balance × (1 + r) + monthly contribution
Example
Input
$30,000 goal, $5,000 saved, $600/month at 4%
Result
≈ 3 years 4 months
Frequently asked questions
Yes, with contributions added at the end of each month.
Reduce the target, extend the deadline, or increase the monthly amount — the calculator shows the trade-off instantly.
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