This tool calculates different combinations to save a lump-sum amount that you intend to use to buy a vehicle, home, or other big-ticket item.
Your savings will grow over time due to monthly deposits and compound interest. The amount you accumulate, however, will be decreased due to taxes you pay on the interest you've earned.
The calculator assumes you save with a taxable account. If you want to simulate saving with a tax-advantaged account, enter a zero in the fields for federal and state income tax rates.*