What it includes
This simple goal estimate does not include interest, fees or price changes. Use the compound interest calculator for growth projections.
Savings Goal Calculator
Estimate how many months it may take to reach a savings target.
Formula
Months needed = remaining amount / monthly saving. Remaining amount is goal minus current savings.
Example
If the goal is 2,000, current savings are 500 and monthly saving is 150, the simple estimate is 10 months.
Common mistake
This is a simple straight-line estimate. Interest, fees, emergency withdrawals and changing contributions can alter the real date.