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Savings Goal Calculator
Calculate how long it takes to reach your savings goal or how much to save each month. Plan for a house down payment, vacation, car, or any financial goal.
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How much do you want to save?
$
$
%
HYSA: 4-5%, CDs: 4-5%, Bonds: 3-5%
Your Savings Plan
Time to Goal
$77.00
Target Amount$50,000.00
Total Contributions$43,500.00
Interest Earned$6,769.70
Goal Date
$0.00
June 2032
Time
$0.00
6y 5m
Progress10.0%
$5,000$50,000
Investment Growth Over Time
Shows the growth of your investment over time, split between contributions and interest earned
How Much Do I Need to Save?
Monthly contribution needed to reach $50,000:
1 year
$3,665
per month
2 years
$1,787
per month
3 years
$1,162
per month
4 years
$849
per month
5 years
$662
per month
Savings Tips
- •Set up automatic transfers on payday to save consistently
- •Use a high-yield savings account (HYSA) for better returns
- •Consider CDs or I-Bonds for money you won't need immediately
- •Review and increase your contribution when you get a raise
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How to Use This Savings Goal Calculator
This free savings goal calculator helps you make informed financial decisions. Simply enter your values above and see your results instantly - no signup required.
Why Use Our Calculator?
- •Instant Results: See calculations update in real-time as you adjust values
- •Visual Charts: Understand your finances with interactive visualizations
- •Mobile Friendly: Works perfectly on any device
- •100% Free: No hidden fees or signup required