Savings Goal Planner
Set a target amount and see what it takes to get there.
Total savings after 10 years
$0
You contributed: $0
Total contributions
$0
Interest earned
$0
Effective return
0%
Monthly to target
—
Worked example
With the default inputs shown below, this calculator returns the following results:
| Input | Value |
|---|---|
| Current savings ($) | $5,000 |
| Monthly contribution ($) | $500 |
| Annual interest rate (%) | 2% |
| Time period (years) | 10 |
| Result | Value |
|---|---|
| Total savings after 10 years | $72,466 |
| Total contributions | $65,000 |
| Interest earned | $7,466 |
| Effective return | 11.5% |
| Monthly to target | $500/mo |
Values shown are produced by this page in your browser; change any input to update them.
How to use the Savings Goal Planner
- Current savings ($) — default $5,000
- Monthly contribution ($) — default $500
- Annual interest rate (%) — default 2%
- Time period (years) — default 10
- Press Calculate to update the results instantly.