When will you reach your savings goal?
This calculator estimates how many months it will take to reach a specific savings target, given your current balance, a fixed monthly contribution, and an assumed annual interest rate.
How it works
Each month, the calculator adds your contribution to the balance and applies the monthly-equivalent of your expected annual interest rate, repeating until the balance reaches your goal amount.
This tool is for general planning and education. Actual investment or savings account returns are not guaranteed and may vary from the assumed rate.
Last reviewed August 2026