How does the Savings Goal Calculator work?

The calculator uses your current savings, monthly contribution, and interest rate to project how long it will take to reach your savings goal. It calculates compound interest growth over time.

Is the interest compounded monthly?

Yes, the calculator compounds interest monthly which is the standard for most savings accounts.

Is my financial data stored?

No, all calculations happen in your browser. Your financial data is never sent to any server.

Savings Goal Calculator

Plan your financial future with our advanced savings calculator. See how long it will take to reach your goals with compound interest growth. Perfect for vacations, homes, education, and retirement.

Enter Your Savings Details

Goal Name

Target Amount ($)

Current Savings ($)

Monthly Contribution ($)

Annual Interest Rate (%)

Start Date

Your Savings Plan

Goal Progress

Dream Vacation

Current: $2,500

Target: $10,000

Months to Goal

Projected Date

Jun 2025

Total Interest

$1,240

Total Deposits

$7,200

Savings Projection

$10,000

$5,000

Months

Why Use Our Savings Goal Calculator?

Financial Clarity

Gain a clear understanding of how long it will take to reach your financial goals based on your current savings rate and interest earnings.

Motivation Boost

Seeing your progress visually helps maintain motivation and commitment to your savings plan.

Scenario Planning

Test different scenarios by adjusting monthly contributions or interest rates to find the optimal savings strategy.

Privacy First

All calculations happen in your browser - your financial data never leaves your device.