Savings calculator instructions

Purpose of these tools

These tools are intended to help you develop a savings strategy and timeline. By helping you see how much you could save over a given time, you will be able to develop a savings plan that best fits your needs.

Disclaimer

These tools are only guides. The use of these tools does not guarantee that you can reach any specific savings goal.

Individual circumstances vary. You are strongly advised to seek the help of a financial professional (such as a Certified Public Accountant, Certified Financial Planner, or tax attorney) to review your particular financial circumstances.

How to use these tools

"How Much Will I save?" calculator

Enter the requested values, then click the "How Much Will I Save?" button to see how much you can save over a given amount of time.

"How Much Do I Need To Save?" calculator

Enter the requested values, then click the "How Much Do I Need To Save?" button to see how much you need to save each month to reach your savings goal in the specifice amount of time.

"How Long Do I Need To Save?" calculator

Enter the requested values, then click the "How Long Do I Need To Save?" button to see how long you will need to save the specified amount each month to reach your savings goal.

Common Items

Each of our savings calculators has 5 data items. You will enter data for 4 of these items, and the calculator will determine the 5th item.

Savings Goal / Total Amount Saved – This is the amount of money you desire to save, or will have saved.
Amount Currently Saved – This is the amount of money you have currently saved.
Annual Interest Rate – This is the expected interest rate your savings will earn over the entire time that your save.
Time To Save – This is how long (in years and months) you will save for.
Monthly Savings Amount – This is the amount you will save each month.

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