Savings Goal Timeline Calculator
Find out how long it takes to reach a savings goal. Enter your target, current savings, monthly deposit and interest rate to see the number of months and a chart of your balance climbing to the goal.
How to use this tool
- Enter savings goal, current savings, monthly deposit and annual interest rate in the fields above.
- Results update instantly as you type — or click Calculate.
- Read your months to reach goal and the full breakdown beneath it.
Set a target and this calculator works out how many months of regular deposits — plus interest — it takes to get there, and charts your balance rising to the goal.
Frequently asked questions
- Does interest speed things up?
- Yes. With a positive rate your balance compounds while you save, so you reach the goal a little sooner than deposits alone would suggest.