Calculate how long it takes to reach your savings goal with regular monthly contributions and expected investment returns.
How much you want to save
Amount you already have saved
Amount you'll save each month
Expected annual investment return (0% for cash savings)
62 months
5 years, 2 months
Setting and achieving savings goals is a fundamental part of financial planning. Whether you're saving for a down payment on a house, an emergency fund, a vacation, or retirement, having a clear timeline helps you stay motivated and on track.
Consistent monthly contributions, even small ones, can lead to significant savings over time. Combined with compound interest from investments, your money grows faster than you might expect. This calculator helps you visualize exactly when you'll reach your goal.
This calculator provides estimates based on the inputs you provide. Actual results will vary based on market conditions, actual returns earned, fees, taxes, and changes to your contribution amounts.
Investment returns are not guaranteed and can be negative in some periods. For cash savings, use a 0% return rate. For conservative investments, 3-5% is typical. For stock market investments, historical long-term averages are 7-10%, but shorter periods vary significantly.
This calculator assumes contributions are made at the beginning of each month and returns are compounded monthly. Always consult with a qualified financial advisor for personalized advice.