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Planning & time calculators

Savings goal calculator

See how far your current balance and monthly saving can take you. We include interest and show when the goal may be reached.

Months to goal
22
Target month
April 2028
Total contributed
49,000
Estimated interest
1,705
If you stick to the plan, you can reach about 50,000 in savings in 22 months.

Runs in your browser with no account and no stored data

Browse category: Planning & time calculatorsView this calculator in Svenska

How it works

How to use

Enter your target amount, your current savings, how much you plan to add each month, and an expected annual interest rate. The tool shows how many months it takes to reach the goal.

Formula

Each month: balance = (balance × (1 + annual rate ÷ 12)) + monthly saving. The count stops when balance reaches the goal.

Example

Goal 50,000, starting with 5,000, saving 2,000/month at 3% annual interest → reached in about 21 months.

When it helps

Planning a holiday, a home deposit, an emergency fund, or any fixed savings target with a clear deadline.

What do you want to do next?

Next, calculate percentages or electricity costs if you want to free up room for a bigger monthly saving plan.

Interest calculator
Calculate how money grows over time from a starting balance, monthly saving, and interest.
Percentage calculator
Percent of a number, change between values, and new totals as you type.
Electricity cost calculator
Enter your usage, price per kWh, and any fixed fee to estimate electricity cost per day, month, and year.

FAQ

Is the interest guaranteed?+

No. The interest rate is only an assumption for planning. Real returns can be both higher and lower.

Why show months instead of years?+

Months make it easier to connect the goal to a concrete monthly saving habit and a clear milestone.

What if the goal cannot be reached?+

Then we show that the plan is not sufficient with the current inputs. Raise the monthly saving amount, increase the starting balance, or lower the goal.