This calculator will compute how long it will take you to reach your desired savings goal, based on three factors: the amount you currently have set aside, the amount you can add to your savings each month and the annual interest rate you expect to earn.

To calculate the how long it will take to reach your savings goal, enter the beginning balance, your savings goal, the monthly dollar amount you plan to deposit and the interest rate you expect to earn, then click the Compute button. Note that this calculator is based on monthly compounding.

Enter the amount you currently have set aside:

Enter the amount you want to accumulate (goal):

Enter the monthly addition:

Enter the annual interest rate:

# of months until goal is met:

# of years until goal is met: