Savings Goal Calculator
Find out how many months it will take to reach your savings target with regular monthly contributions and compound interest. See a month-by-month growth chart of your savings.
How to Use
Enter your savings goal (the total amount you want to reach), how much you can save each month, your starting balance (if any), and the expected annual interest rate on your savings. Click calculate to see how many months it will take and a visual chart of your savings growth over time.
Formula
FV = P(1 + r)^n + PMT × ((1 + r)^n - 1) / r
Where FV is the future value (your goal), P is the starting balance, r is the monthly interest rate, n is the number of months, and PMT is the monthly contribution. The calculator iterates month by month to find when your balance reaches the goal.