How long until I reach my savings goal?
Maybe you want to take a vacation, save for a wedding, or save for your kid’s college. No matter the goal, this calculator can help you determine how much you need to save and for how long.
The math here is quite simple. It’s just the amount you want to save for your goal divided by the amount you can save every month. For example, if your goal is to save $1,000, and you can save $100 per month, it will take you 10 months to reach your goal.
- Purchase Amount – The total amount you are planning to save.
- Amount You Can Save Every Month – How much money you can put aside every month towards your goal.
- Time to Save – How long it will take you to reach your savings goal.