Savings Calculator
Find out how long it takes to reach your savings goal with monthly deposits and interest. See months, years and total interest earned.
About this tool
This savings calculator simulates your path to a goal: enter the target amount, what you already have, your monthly deposit and the annual interest rate, and it tells you exactly how many months are needed and how much of the final balance came from interest.
It turns "someday" into a date. Tune the monthly number until the timeline matches your plan — that number is the automatic transfer you should set up the same day.
FAQ
How do I plan a savings goal?
Split it into a monthly amount and timeline. This calculator runs your deposit schedule with interest forward until the balance crosses the goal.
What interest rate should I use?
High-yield savings accounts in 2024–2026 have paid roughly 4–5% APY. Use your actual rate; bond or CD rates vary.
Why auto-save instead of manual?
Automated transfers move money before you can spend it and are the most reliable way to stay on schedule.