How long will it take to reach my savings goal?

Use this calculator to help you determine how long it will take to reach your goal with an existing savings account.


This tool calculates the future value of your savings based on the information you provide. It also allows you to calculate in reverse by editing the savings goal and selecting an input - current savings amount, additional deposit amounts, savings time frame, or annual rate of return - to be adjusted by the tool. In other words, for a particular savings target amount, assuming all other fields remain unchanged, you can work backwards to solve any of the following questions:

  • How much will I need to invest upfront?
  • What will I need to save on a recurring basis?
  • How long will I need to save?
  • What annual rate of return will I need to earn?

The calculator assumes you save with a tax-advantaged account.*

*Tax-advantaged accounts may have restrictions on taking early penalty-free distributions. You may wish to consult financial professionals.