Savings Goal Calculator

 

Use this calculator to figure how much your current savings will grow and how much more you'll need to add regularly in order to achieve your savings goal in a set period of time.

  • Most financial institutions typically compound interest monthly based on the daily average balance over the preceeding month.
  • This calculator is set to use monthly contributions by default, though you can select other contribution frequencies. Each time money is added to the account interest is compounded.

Your Savings Goal

Savings Goal
Current savings balance
Annual percentage rate (APR %)
Contribution frequency:
Years to reach goal

Your Results

Current savings future value (FV)
Total savings gap
required deposit: