Savings Goal Calculator

Plan and track your savings goals with detailed projections

Goal Details

Enter your savings goal information

Goal Name

Target Amount

Current Savings

Target Date

Monthly Contribution

Contribution Frequency

Annual Interest Rate (%)

Goal Progress

Behind Schedule

$5,000 of $20,00025.0%

Remaining to Save

$15,000

Months to Target

Required vs. Current

Required monthly:$613

Current monthly:$500

Difference:$113 short

Projected Results

Completion date:July 2028

Months to goal:29

Total saved:$20,091

Total interest:$730

Savings Scenarios

See how extra contributions impact your timeline

Current Plan

$500/mo

Months to goal:29

Interest earned:$591

Save Extra $50/month

$550/mo

Months to goal:27

Saves:2 months

Save Extra $100/month

$600/mo

Months to goal:25

Saves:4 months

Month-by-Month Projection

Detailed breakdown of your savings growth over time

Month	Contribution	Interest	Balance	Status
1	$500	$8	$5,508
2	$500	$9	$6,018
3	$500	$10	$6,528
4	$500	$11	$7,038
5	$500	$12	$7,550
6	$500	$13	$8,063
7	$500	$13	$8,576
8	$500	$14	$9,090
9	$500	$15	$9,606
10	$500	$16	$10,122
11	$500	$17	$10,638
12	$500	$18	$11,156
13	$500	$19	$11,675
14	$500	$19	$12,194
15	$500	$20	$12,715
16	$500	$21	$13,236
17	$500	$22	$13,758
18	$500	$23	$14,281
19	$500	$24	$14,805
20	$500	$25	$15,329
21	$500	$26	$15,855
22	$500	$26	$16,381
23	$500	$27	$16,909
24	$500	$28	$17,437
25	$500	$29	$17,966
26	$500	$30	$18,496
27	$500	$31	$19,027
28	$500	$32	$19,558
29	$500	$33	$20,091	Goal Reached!
30	$500	$33	$20,624	Goal Reached!
31	$500	$34	$21,159	Goal Reached!
32	$500	$35	$21,694	Goal Reached!
33	$500	$36	$22,230	Goal Reached!

Month

Contribution

Interest

Balance

Status

$500

$5,508

$500

$6,018

$500

$10

$6,528

$500

$11

$7,038

$500

$12

$7,550

$500

$13

$8,063

$500

$13

$8,576

$500

$14

$9,090

$500

$15

$9,606

$500

$16

$10,122

$500

$17

$10,638

$500

$18

$11,156

$500

$19

$11,675

$500

$19

$12,194

$500

$20

$12,715

$500

$21

$13,236

$500

$22

$13,758

$500

$23

$14,281

$500

$24

$14,805

$500

$25

$15,329

$500

$26

$15,855

$500

$26

$16,381

$500

$27

$16,909

$500

$28

$17,437

$500

$29

$17,966

$500

$30

$18,496

$500

$31

$19,027

$500

$32

$19,558

$500

$33

$20,091

Goal Reached!

$500

$33

$20,624

Goal Reached!

$500

$34

$21,159

Goal Reached!

$500

$35

$21,694

Goal Reached!

$500

$36

$22,230

Goal Reached!