Savings Goal Calculator
Enter the amount you're saving for, what you've saved, and what you can put aside monthly. Get the month you hit it — and what saving a little more does.
Frequently asked questions
- How is the time to my goal calculated?
- We project your current savings plus your monthly amount, month by month, growing at the return you set. The result is the first month your balance reaches the target — shown as both a duration and a calendar date.
- Should I count growth on my savings?
- For short-term goals in a savings account, use the account's interest rate (often 0–3%). Only use stock-market returns if the money is invested and the goal is five or more years away — short-term goals shouldn't ride the market.
- What helps more: saving more or earning more interest?
- For goals under a few years, the monthly amount dominates — interest barely has time to act. That's why the calculator shows what +50 or +100 a month does to your date; it's usually far more powerful than chasing a better rate.
- How big should an emergency fund be?
- A common rule of thumb is 3–6 months of essential expenses. Start with a first milestone of one month — a goal you can reach quickly — and extend it once the habit is running.