YourFinanceCoach

Savings goal calculator (US)

Work out the deposit you need, the time it takes, or where you land — pick which one to solve for.

Savings goal calculator

What do you want to work out?

Put aside monthly

$232

To reach $10,000 in 3 years at 4%.

You pay in
$8,366
Interest earned
$634
Starting balance
$1,000
Ending balance
$10,000

The rate is assumed fixed for the whole period and tax on interest is not deducted.

Estimate only. This result is produced from the figures you entered and the assumptions listed on this page. It is not financial advice, not a quotation and not an offer, and no provider is bound by it. Check current terms with the provider before acting. Nothing you type here is sent anywhere — the calculation runs entirely in your browser.

How this is worked out

FV = P(1 + i)^n + PMT × [((1 + i)^n − 1) ÷ i], rearranged for the unknown

What this assumes

A calculator is only as good as what it leaves out. These are the assumptions built into the result above.

  • The interest rate is fixed for the whole period.
  • Deposits are made at the end of each period.
  • Tax on interest is not deducted.

Educational information only. This page explains how something works in the United States. It is not financial advice and does not take account of your circumstances. Rates, fees and eligibility change without notice — check the provider’s own terms before you act.

For free, impartial guidance, see Consumer Financial Protection Bureau. To complain about a firm, contact the CFPB complaint database.

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