Savings Goal Calculator
Months needed given a target, current savings and monthly deposit.
How it works
Months = (goal − current) ÷ monthly deposit
A simple estimate ignoring interest: time to reach the goal with fixed monthly deposits. If current ≥ goal, the result is 0.
With interest it would be shorter.
FAQ
Does interest shorten the time?
Yes. With returns the time is shorter than this estimate; this tool uses a simplified, interest-free model.
Worked example
Target 100,000, starting 10,000, saving 2,000/month at 3% (0.25%/month):
Solving 10000×1.0025ⁿ + 2000×((1.0025ⁿ−1)/0.0025) = 100000 gives n ≈ 42.2 — about 43 months (3 years 7 months).
Notes and limitations
The result assumes a stable return compounded monthly. Real returns fluctuate, so add a 10%–20% time buffer. For a hard deadline (a down payment, say), prefer low-volatility savings over equity investments.