Instructions: To calculate the how long it will take to reach your savings goal, enter the beginning balance, your savings goal, the monthly dollar amount you plan to deposit and the interest rate you expect to earn, then click the "compute" button. Note that this calculator is based on monthly compounding.
Note: When entering
numbers into the data fields only use numbers and
applicable decimal points. Entering commas, dollar
signs, or any other non-numeric characters will cause an
RETURN TO CALCULATOR INDEX
The accuracy of this calculator and its application to your specific
situation is not guaranteed. We encourage you seek advice from qualified
professionals regarding all personal finance issues.