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Finance Tool

Savings Goal Calculator

A new phone, a car, a trip or your first investment — see how long your goal takes, or exactly how much you need to save each month to get there on time.

Free · no sign-up · updated October 2026

Currency
Time to your goal
4.5 years

That's 54 monthly deposits of €300.

Goal€20,000
You pay in€18,200
Interest earned€4,132
Monthly saving€300

Balance by year (light = what you paid in)

Y1
Y2
Y3
Y4
Y5

Frequently asked questions

How do I calculate how long it takes to reach a savings goal?+

Add your monthly saving to your balance every month, let the balance earn interest, and count the months until it reaches your goal. This calculator does exactly that, month by month.

What interest rate should I use?+

For a savings account, use its current interest rate. For long-term investing in a broad stock ETF, many people plan with 5–7% a year — but returns are never guaranteed.

How can I reach my goal faster?+

The two biggest levers are saving more each month and starting earlier. Even a small automatic transfer on payday adds up faster than saving whatever is left at the end of the month.

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