Savings goal calculator
Work out the deposit you need, the time it takes, or where you land — pick which one to solve for.
The rate is assumed fixed for the whole period and tax on interest is not deducted.
How this is worked out
FV = P(1 + i)^n + PMT × [((1 + i)^n − 1) ÷ i], rearranged for the unknownWhat 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.
Guides that go with this tool
High-Yield Savings Accounts: What to Look For
What makes an account high-yield, what the advertised APY may be hiding, and when a savings account beats a CD.
Emergency Funds: How Much and Where to Keep It
What an emergency fund is for, how to size one for your situation, and why the account you keep it in matters more than the rate it pays.
Setting Savings Goals That Actually Work
Turning a vague intention into a monthly number with a date attached — and deciding what order to fund competing goals in.