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Savings Goal Calculator

See when you'll hit your goal and what speeds it up.

Enter a target, current savings, and a monthly contribution. Optionally add an annual growth rate — see the goal date, total contributions needed, and how much each extra $50/month shortens the plan.

Part of: Saving & Spending Calculators

Enter the numbers you know below
Fields marked optional can be skipped; results update as you type
Time to goal
2y 4m
Goal date ~ Nov 2028
You contribute
$14,000.00
Plus $1,434.06 from growth
$20,000.00 in 2y 4m — target date around Nov 2028.
Months to goal
2y 4m
Goal date
Nov 2028
Contributions
$14,000.00
From growth
$1,434.06
Growth share
9.3%
Already saved
25.0% of target
Each extra $50/month moves your goal about 3m sooner.
At 5% annual growth, investment growth contributes about $1,434.06 to the final total.
Speed up the plan
Current
  • Months: 2y 4m
  • Contrib: $14,000.00
+$50/mo
  • Months: 2y 1m
  • Saved: 3m
+$100/mo
  • Months: 2y
  • Saved: 4m
Growth vs no growth
5% growth
  • Months: 2y 4m
  • Contrib: $14,000.00
  • Growth: $1,434.06
0% growth
  • Months: 2y 6m
  • Contrib: $15,000.00
Break-even Calculator →Mortgage Calculator →Percentage Calculator →

Before you trust the result

Check the inputs that matter most: dates, rates, units, costs, and any optional fields you skipped. A calculator can only work with the numbers entered here, so use the result as a decision check rather than a final answer when money, health, tax, legal, or safety consequences are involved.

If the result feels surprising, change one input at a time and watch which number moves. That usually shows the real lever behind the decision.

More about this tool

How to use this tool
  1. Enter your target amount and current savings.
  2. Enter the monthly contribution you can commit.
  3. Optional: open advanced options to add an annual growth rate.

Examples

$20,000 target, $5,000 saved, $500/month
About 2 years 6 months to goal with 0% growth.
Same plan at 5% growth
About 2 years 4 months — roughly $900 comes from growth.

Next up

Saving for a goal? First confirm your shock buffer.Could I Handle a Surprise Bill? → Goal is a house? Model the mortgage next.Mortgage Calculator →

Frequently asked questions

› When is each contribution applied? How-to

End of month, after that month's growth is credited — the standard annuity-ordinary convention.

› Does the tool stop simulating?

Yes — it caps at 50 years. If your goal is not reachable in that window, the tool tells you to raise the contribution or growth.

› How accurate is the growth projection? How-to

It compounds monthly at the rate you enter. Real-world returns vary, so treat the projection as an estimate.

Tips & related reading

See the Saving & Spending Calculators hub →

Tips & how-tos

Relevant links

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