Find out how many months it will take to reach a savings target. Nothing leaves your browser.
Each month your balance earns one twelfth of the annual rate, then your deposit is added. The calculator repeats this until the balance reaches your goal.
Enter your goal, what you have saved, how much you add each month and an expected interest rate. The calculator adds interest monthly and counts months until the balance reaches the goal.
Yes. The annual rate is divided by 12 and applied each month before your deposit is added. Enter 0 for no interest. Real rates change, so treat the result as an estimate.
End of the month, after that month's interest.
No. It is a simple estimate for general information; it ignores taxes, fees and rate changes.
Free tool, provided as is, with no guarantee. Results are for general information. Please do not enter personal information in feedback.