Savings Goal Calculator

A higher return reaches the goal sooner. If the deposit is zero and savings are below the goal, it is unreachable.

The balance grows each month by the return plus your deposit until it reaches the goal; the tool counts the months required.

The timeline assumes a steady deposit and a constant return; real interest rates and your ability to save may vary month to month.

Saving 1,000 per month with no interest reaches a 12,000 goal in 12 months.

1. Enter your goal and current savings.
2. Add your monthly deposit and optional return.
3. Press Calculate.

• Forgetting to include your current savings.

Work out how long it will take to reach a savings goal given a regular monthly deposit and an optional return rate.

Savers working toward a specific target — an emergency fund, a holiday, a deposit — who want a realistic timeline.

• See exactly how many months your plan needs.
• Account for an optional interest or return rate.
• Adjust the deposit to hit a deadline.

• Planning an emergency fund.
• Saving for a holiday or large purchase.
• Building a house deposit over time.