Savings Calculator

A savings calculator helps you estimate how long it will take to reach a goal, given a starting balance, monthly contribution, and optional interest rate. It can also help you figure out how much you need to save each month to hit a target by a specific date.

The math is straightforward, but it is useful to see the timeline in one place. For example, you can compare saving $300 per month versus $500 per month, or see how a modest interest rate changes the result. This gives you a realistic timeline for short- and medium-term goals.

The calculator assumes consistent monthly contributions and a constant annual rate. Real savings behavior can vary, and rates can change. Use the results as a planning guide, then adjust as your situation evolves.

A good approach is to test a conservative scenario (lower rate, lower contributions) and an optimistic scenario. If both timelines are acceptable, you have a more resilient plan.