Savings Goal & Compound Interest Calculator
Project how your savings will grow, or find out how much you need to save monthly to hit a goal.
Compound interest means your savings earn returns not just on what you contribute, but on the returns you've already accumulated — which makes consistent monthly saving far more powerful over long time horizons than most people expect. This calculator works in two directions: project how a given monthly contribution grows over time, or work backward from a target amount to find exactly how much you need to save each month to reach it.
Frequently asked questions
This calculator provides an estimate for general informational purposes only and is not tax or financial advice. Actual results may vary based on deductions, credits, benefits, and local tax rules. Consult a licensed tax professional or financial advisor for guidance specific to your situation.