Savings Goal Timeline Calculator
Estimate months to reach a savings goal.
CalcSimpler Examples
- $10,000 target, $200 monthly, 2% APR ⇒ 48.0 months
- $5,000 target, $300 monthly, 0% APR ⇒ 16.67 months
FAQ
How is interest applied?
Interest compounds monthly based on the APR provided.
What if APR is zero?
The formula simplifies to target divided by monthly contribution.
Is the result rounded?
No, fractional months show partial progress.
Does this include fees or taxes?
No, it assumes all contributions remain invested.
Additional Information
No additional information available.
CalcSimpler