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Savings Goal Calculator
Calculate time and monthly savings needed to reach your financial goal
Savings Goal Calculator
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Time to Reach Goal
5 years 8 months
July 2031
Total Contributions
$44,000
Your deposits
Interest Earned
$6,000
Growth from interest
Required Monthly Payment
$500
To reach goal at current pace
Savings Progress
Tips to Reach Your Goal Faster
- Automate your savings with automatic transfers on payday
- Use a high-yield savings account (4-5% APY vs 0.01% regular)
- Cut one expense and redirect that money to savings
- Save windfalls: tax refunds, bonuses, gifts
- Round up purchases and save the difference