Savings goal calculator
See how many months a monthly amount takes to reach a goal at the rate you type.
Result
Savings goal calculator
Months
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Enter a goal, a monthly amount and a rate to see the number of months.
Ballpark estimate, check before you buy or quote.
This is a simple estimate, not advice.
Estimate for planning only. This is not tax, legal, accounting or financial advice. Results depend on the figures you enter. Check all numbers, rates and rules with the official source or a qualified professional before relying on them.
How this works and common questions
About this tool
Interest uses the annual rate you type, divided by 12. This is a simple estimate, not advice. Nothing is stored.
How it works
The tool starts at zero. Each month it adds interest on the balance so far, rounded half away from zero to the cent, then adds the monthly amount. It counts months until the balance reaches the goal.
Rules
This is a simple estimate, not advice. You type the rate. A zero rate divides the goal by the monthly amount, and a leftover cent takes one more month. Nothing is stored.
Questions
When is the monthly amount added?
At the end of the month, after interest on the balance you already have. The first month is the deposit only, because the starting balance is zero.
How is interest rounded?
Each month the interest is the balance times your annual rate divided by 12, rounded half away from zero to the cent. A zero rate adds no interest.
What if it would take too long?
The count stops at 600 months. Enter a larger monthly amount or check the rate you typed.
Do I need an account?
No. The tools work without one. You only need to sign in to save your work.
Is what I type saved?
No. Nothing is saved unless you sign in and choose Save. Otherwise it stays on the page.
Do you show ads or sell my information?
No. We show no ads and we do not sell your information.
Is this tax or legal advice?
No. Results are estimates for planning. Check rates and rules with the official source or a qualified professional.
Sign in to save this. Your entries stay on screen.
Estimate for planning only. This is not tax, legal, accounting or financial advice. Results depend on the figures you enter. Check all numbers, rates and rules with the official source or a qualified professional before relying on them.