Savings Goal Timeline Calculator

Project how many months it will take to reach a specific savings goal with consistent monthly contributions and optional compound interest.

Enter the total balance you want to reach in the same currency as your deposits.
Use your planned automatic transfer or expected monthly savings.
Enter 0 if your savings account does not earn interest.

These projections are estimates only. Actual savings timelines depend on account terms, contribution consistency, and market conditions.

Examples

  • $25,000 goal with $450/month at 3.25% APY ⇒ 50.7 months
  • $5,000 goal with $300/month at 0% APY ⇒ 16.7 months
  • $18,000 goal with $600/month at 2.1% APY ⇒ 28.5 months

FAQ

How is interest applied?

The formula compounds the annual percentage yield monthly, which mirrors most savings accounts and high-yield money market products.

What if the APR is zero or the field is left blank?

Entering 0 simply divides your goal by the monthly contribution, showing how many months are needed without any interest earnings.

Can I model bi-weekly or irregular deposits?

For the most accurate results, convert your planned contributions into an equivalent monthly amount before using this tool.

Do taxes, fees, or inflation factor into the projection?

No. Adjust the target amount to account for expected fees or inflation so the timeline still reflects your real-world goal.

How should I treat fractional months in the result?

Fractional values indicate partial months; for example, 18.4 months represents 18 full months plus roughly 12 days.

Additional Information

  • The calculation assumes interest compounds monthly and deposits occur at the end of each month.
  • Results reflect time only; increase monthly deposits or reduce your target amount to shorten the payoff horizon.
  • Consider building an emergency fund before pursuing long-term savings milestones.

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