Savings Goal Timeline Calculator

 

This calculator will figure how long it will take you to reach a desired savings goal based on your current savings, how frequently you contribute money, how much you contribute each time & the stated annual percentage rate (APR) on your savings account.

  • Most banks compound interest monthly based on the daily average account balance over the preceeding month.
  • This calculator defaults to compounding interest monthly, though if you add money at a different frequency interest is compounded at the same interval as deposits are made.

Your Current Savings Plan

Amount currently saved :
Savings goal:
addition:
Annual interest rate (APR %):

Your Results

Number of deposits until goal is met:
Number of years until goal is met:
Total amount deposited:
Interest earned:
Final savings:

Thanks for Reading

Please come again!