Savings Goal Calculator

Using this calculator

This calculator helps you determine how long it will take to reach your savings goal based on your current savings, regular contributions, and expected investment returns.

How it works

• Current Savings: The amount you've already saved towards your goal.
• Savings Goal: The total amount you want to save.
• Monthly Contribution: How much you plan to add to your savings each month.
• Annual Return Rate: The expected yearly growth rate of your investments.
• Inflation Rate: The expected annual increase in the cost of living.
• Adjust for Inflation: When checked, this shows returns adjusted for inflation (real returns).

The calculator uses compound interest principles to project how your savings will grow over time. It factors in both your regular contributions and the returns on your investments to estimate when you'll reach your goal.

The blue area in the chart shows your projected savings growth over time, while the red line represents your target goal. Where these lines intersect is when you'll reach your savings goal.