Savings Goal Calculator
Find out how long it takes to reach your savings goal with regular deposits.
Overview
Reaching a savings target with regular deposits is a future-value-of-an-annuity problem: the accumulated balance is the sum of each deposit compounded for the time remaining until the goal. Solving for the number of periods rather than the balance answers how long a given contribution takes to arrive at a target.
Time to Reach Goal
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Already reached!
yr mo
Target Date
Total Deposited
$
Interest Earned
$
% of goal from starting balance
How to Use
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1
Enter your values
Type your numbers into the Savings Goal Calculator input fields.
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2
Adjust the options
Choose the units, method, or region that fits your situation, or apply a quick preset.
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3
Read the result instantly
The result updates as you type — no submit button, and nothing is sent to a server.
About
Contribution size dominates over short horizons and return dominates over long ones. Below about five years, interest contributes a small fraction of the final balance and raising the monthly deposit is the only material lever. Beyond fifteen or twenty years, compounding supplies more than half the total, and the return assumption becomes the sensitive input.
Nominal targets erode in real terms. A goal fixed today loses purchasing power at the inflation rate over the accumulation period, so a target set a decade out is more usefully expressed in constant currency and revised as prices move.