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Savings Goal Calculator
Find how much to save each month to reach a goal by a set date.
How this calculator works
Enter the goal, what you have saved, the number of months and the yearly interest rate. The calculator accounts for interest on your existing savings and on each deposit.
Example
To reach $12,000 in 24 months starting with $1,000 at 4%, you would save about $437.67 a month.
Tips
- Set up an automatic transfer on payday so saving happens first.
- If the monthly amount is too high, extend the time frame.
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Results are estimates only. See our disclaimer.