Savings Goal Calculator
How long until you hit your goal? Enter your target and how much you can put aside each month.
Balance over time
How the savings goal calculator works
We compound your monthly contributions at the interest rate you enter, month by month, until the balance reaches your goal. If you set the rate to 0%, you'll see a straight linear savings plan — the classic "target ÷ monthly = months" math.
What monthly amount is realistic?
A useful starting point: 10–20% of your take-home pay for savings. If that number feels tight, try the 50/30/20 budget calculator — it shows you exactly how much of each paycheck should go to savings.
Should I use interest?
For goals under a year (holiday, new laptop) use 0–2% — you shouldn't keep short-term money in the market. For 3+ year goals, a high-yield savings account (4–5%) or diversified index fund (long-term 6–8%) makes the math dramatically better.
Saving for something specific?
- Emergency fund: 3–6 months of expenses in a high-yield savings account.
- House down payment: typically 5–20% of the home price. Use a 3–5 year timeline.
- Car: aim for a full cash purchase to avoid car loans; usually 12–24 months.
- Wedding: average is 12–18 months of aggressive saving.