Savings Goal Calculator
Set a target and a deadline, and see exactly how much to put aside each month to get there — and how much of the work your interest rate does for you.
Goal Details
Monthly savings needed
$516
To reach $20,000 in 3 years.
Where the money comes from
From your contributions
$18,579
From interest earned
$1,421
Without any return
$556/mo
Earning 5%
$516/mo
Your return covers $1,421 of the goal — that's 7% you don't have to save yourself.
Estimates for education only, assuming a fixed return compounded monthly and equal monthly deposits.