SAVINGS GOAL CALCULATOR
Set a savings goal and target date to estimate the monthly contribution required. You can also enter the amount you already plan to save each month and see the projected date your balance may reach the goal.
Want to project the growth of a deposit without a target date? Use the High-Yield Savings (APY) Calculator.
Estimated Savings Plan
Projected Goal Date at Your Planned Contribution
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Total deposits include the starting savings balance and planned monthly contributions. APY can change and actual crediting methods differ. This is a planning estimate, not a guaranteed account value or investment return.
Monthly Savings Schedule
How the Savings Goal Estimate Works
The calculator converts the APY you enter to an equivalent monthly growth rate. It applies that growth to the opening balance and then adds the planned contribution at the end of each month. The projection repeats until the goal is reached or the selected target date arrives.
Goal Date and Target-Date Payment Are Different Questions
The projected goal date answers when your current monthly plan may reach the target. The required monthly contribution works in reverse: it estimates the amount needed each month to reach the same goal by the date you selected.
What the Estimate Does Not Include
- APY changes, tiered rates or promotional expiration dates
- Account fees, taxes, withdrawals or missed contributions
- Market losses or volatility; this calculator models savings growth, not investment performance