Financial Tools
Savings Calculator
Estimate how your savings will grow over time and what it takes to hit a goal: the monthly deposit you need by a date, or how long a fixed deposit takes to get there.
I want to know
Savings Goal
Current Savings
Time to Goal (months)
Annual Interest Rate (APY) (%)
Values shown are examples. Interest is compounded monthly on the balance, deposits are made at the end of each month.
Savings Plan
| Monthly deposit needed | $0 |
| Goal | $0 |
| Monthly Deposit | $0 |
| Time to Goal | n/a |
| Goal Reached By | n/a |
| Total Deposits | $0 |
| Interest Earned | $0 |
For illustration only, not financial advice. Results are estimates based on the numbers you enter and do not constitute an offer, rate quote or approval.
Your return depends on where the money sits.
Live savings and certificate rates from banks and credit unions, each dated at its source.
Questions people ask
What are the two modes on this page?
How much per month solves the monthly deposit that reaches your goal in the number of months you set. When will I get there takes a fixed monthly deposit and solves how many months it takes to reach the goal.
How is interest calculated?
Interest compounds each month on the balance at the APY you enter, and deposits go in at the end of each month. Interest Earned is the goal or ending balance minus your current savings and total deposits.
What if I already have enough saved?
If your current savings are at or above the goal, the page shows that no deposit is needed and tells you the amount is already saved.
Why does the page say I will never reach the goal?
With no monthly deposit and no interest on a starting balance, the balance never grows. Add a deposit or a starting balance with an APY to see a date.
