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Savings Goal Date Calculator

Find the exact month you will hit a savings target.

Enter your values

ⓘ Live results

Results
Time to goal
3 yr 5 mo
Total deposited
$16,400.00
Interest earned
$1,623.89
Final balance
$20,023.89

Quick answer

Your goal date is when the compounding balance plus deposits first reaches the target amount.

solve FV(n) = target for n

How to use the Savings Goal Date Calculator

  1. 1Enter what you have saved today and what you add each month.
  2. 2Set the APY your account pays.
  3. 3Increase the deposit to see how much sooner you arrive.

Worked example

Using the values the calculator loads with:

Inputs

  • Current balance2000 $
  • Monthly deposit400 $
  • APY4.5 %
  • Goal20000 $

Results

  • Time to goal3 yr 5 mo
  • Total deposited$16,400.00
  • Interest earned$1,623.89
  • Final balance$20,023.89

Frequently asked questions

Does APY matter much?

Over short horizons deposits dominate; past five years compounding starts to matter a lot.

What if my deposit varies?

Use your realistic average, not your best month.

About this calculator

Results are estimates for general information. For medical, legal, structural or financial decisions, confirm with a qualified professional.