savings calculator

 

Savings Calculator
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 (or leave blank), 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 only numbers and decimal points)

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:

The accuracy of this calculator and its applicability to your circumstances is not guaranteed. 
Results should be discussed with a qualified professional before any product purchases or loan commitments are made

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