Savings Goal

Required Inputs

Savings Goal

Monthly Savings

Annual Interest Rate (%)

Tax Rate on Interest (%) Tax on savings interest

Optional Inputs

Current Savings

Savings Goal Analysis

Time to Reach Goal

0 years

Total Contributions Needed

Total Interest Earned

Monthly Needed (Alternative)

Tips for Reaching Your Savings Goals

Set SMART Goals

Your savings goals should be Specific, Measurable, Achievable, Relevant, and Time-bound. This calculator helps you determine realistic timelines for your financial objectives.

Strategies to Reach Goals Faster

Automate your savings to ensure consistent contributions
Increase contributions when you get raises or bonuses
Choose high-yield savings accounts for better interest rates
Reduce unnecessary expenses and redirect to savings
Consider side income opportunities to boost savings
Review and adjust your goals regularly

Common Savings Goals

Emergency fund (3-6 months of expenses)
Down payment for a home (typically 20% of purchase price)
Car purchase
Vacation or travel
Wedding expenses
Education costs

Savings Goal Calculator

Savings Goal

Required Inputs

Optional Inputs

Savings Goal Analysis

Tips for Reaching Your Savings Goals

Set SMART Goals

Strategies to Reach Goals Faster

Common Savings Goals