Savings Goal Calculator
Find out how long it takes to reach a savings target from your current balance, regular contributions and expected return, with a projected date.
Your results
Calculation breakdown
- Goal gap
- $20,000.00 − $10,000.00 = $10,000.00
Assumptions
- Contributions are assumed to be made at the end of each period.
- Investment returns are assumed constant; at 0% the projection is a simple sum of contributions.
How this calculator works
Enter your target amount, current balance, regular contribution and expected annual return to see how many months it will take to reach your goal, the projected date, total amount contributed and interest earned along the way.
Frequently asked questions
What happens with a 0% return?
With no investment return, the projection is a simple running total of your current balance plus contributions until it reaches the target.
Can I use this for a house deposit or emergency fund?
Yes, it works for any lump-sum savings goal — just set your target amount and expected contribution schedule.
What if my goal isn't reachable?
If contributions and returns are too low to ever reach the target within the projection horizon, the calculator flags this so you can adjust your inputs.
Results are estimates only and are not financial, tax, legal or credit advice.