Time to savings goal

Savings & investing

How long until I reach my savings goal?

Example values are filled in. Replace them with your own.

Example calculation

Months needed: 39 months.

Months needed

39 months

Balance at goal

USD 20,210.97

This is the first month in which the balance reaches your goal.

Use the same currency for all amounts. Taxes and fees are excluded unless an explicit field is provided.

See formula and assumptions

Apply monthly interest and deposits until the goal is reached, up to 1,200 months.

Starting amount: The amount you start with, before interest or growth.
Monthly contribution: Use the chosen currency. Thousands separators are accepted.
Target balance: Use the chosen currency. Thousands separators are accepted.
Yearly interest rate: Enter the annual rate quoted by the lender or account. For 5% per year, enter 5.

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