Savings Goal Calculator
Find out how many months it will take to reach your savings target with your regular monthly contributions and interest.
Your Savings Target
Time to Reach Goal6y 5mo
Your Savings Plan
10%saved
Time to Goal
6y 5mo
Goal: 50,000 kr
Contributions: 38,294 krInterest: 6,706 kr
Goal Amount50,000 kr
Current Savings5,000 kr
Monthly Contribution500 kr/month
Months to Goal77 months
Total Contributions38,294 kr
Interest Earned6,706 kr
Advertisement728×90
How It Works
The savings goal calculator solves for time using the future value of a series formula in reverse. Given your goal amount, current balance, monthly contribution, and interest rate, it calculates exactly how many months it will take to reach your target.
The formula used is: months = log(1 + (needed × r / PMT)) / log(1 + r), where r is the monthly interest rate and PMT is your monthly contribution.
Adjust the monthly contribution slider to see how saving more each month dramatically shortens your timeline.
Frequently Asked Questions
Related Tools
Mortgage Calculator
Estimate your monthly mortgage payments and total interest over the life of your loan.
Loan EMI Calculator
Calculate your Equated Monthly Installment for any loan type with detailed breakdowns.
Compound Interest Calculator
See how your investments grow over time with the power of compound interest.
Income Tax Calculator
Calculate your income tax with country-specific brackets and get a full breakdown.
Retirement Calculator
Project your retirement savings and see if you are on track for your goals.
Home Affordability Calculator
Find out how much house you can afford based on your income, debts, and down payment.
Salary & Take-Home Calculator
Convert gross salary to net take-home pay with taxes and deductions by country.
Debt-to-Income Calculator
Calculate your DTI ratio to see how lenders view your borrowing capacity.
SIP / Investment Calculator
Calculate the future value of systematic monthly investments with expected returns.
Ad Space336×280
Ad Space336×280