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Savings goal calculator
Tell us your goal, what you have now and what you can save each month.
Time to reach your goal
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- Estimated date
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- Total you deposit
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- Interest earned
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- Final balance
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Your balance over time
How the date is worked out
Each month your balance earns one twelfth of the yearly rate, then your deposit is added. The calculator repeats this month by month until the balance reaches your goal.
Interest rates change, and the result ignores taxes and inflation, so treat the date as a plan and not a promise. Raising the monthly deposit usually helps more than chasing a slightly higher rate.