Monthly Deposit Savings Calculator

This calculator will compute how long it will take you to reach your desired savings goal, based on three factors: the amount you currently have set aside, the amount you can add to your savings each month and the annual interest rate you expect to earn.

To calculate the how long it will take to reach your savings goal, enter the beginning balance, your savings goal, the monthly dollar amount you plan to deposit and the interest rate you expect to earn, then click the "compute" button. Note that this calculator is based on monthly compounding.

Amount you currently have set aside:
Amount you want to accumulate (goal):
Monthly addition:
Annual interest rate (APR %):
Months until goal is met:
Years until goal is met:


Current Savings Rates

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