fincalculator
Savings Calculator
Use this free Savings Calculator to plan your savings goals and track your progress. Simple, accurate, and easy to use for financial freedom.
Saving money is a habit, but reaching a goal requires a plan. The Savings Calculator helps you engineer that plan. It answers the question: "If I save this much, how much will I have?" or "How long will it take to reach my goal?"
Whether you are saving for a wedding, a dream vacation, or an emergency fund, this tool adjusts for interest rates and regular deposits to give you a precise timeline.
Initial amount of money you represent.
Amount you add to your investment regularly.
How often you make contributions.
Expected annual rate of return.
Number of years you plan to invest.
How often interest is added to your balance.
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INPUT VALUES
When to Use This Calculator
Use the Savings Calculator when you have a specific target in mind.
- Emergency Fund: "I need $10,000. If I save $200 a month, when will I get there?"
- Big Purchase: "I want to buy a $3,000 laptop in 6 months. How much must I set aside from each paycheck?"
Example Scenario
You want to save $20,000 for a wedding in 2 years. You have $500 to start.
The calculator shows you need to save roughly $800 per month (assuming a modest 2% interest rate in a high-yield savings account). Without the interest, you'd need to save slightly more.