Calculators & Finance tool
Savings Goal & Compound Calculator
Estimate how long your monthly savings could take to reach a target.
Assumes a constant return compounded monthly, excluding taxes, fees and inflation.
| Year | Contributed | Estimated balance | Growth |
|---|---|---|---|
| 1 | 16,000,000 | 16,651,047 | 651,047 |
| 2 | 22,000,000 | 23,642,374 | 1,642,374 |
| 3 | 28,000,000 | 30,991,390 | 2,991,390 |
| 4 | 34,000,000 | 38,716,396 | 4,716,396 |
| 5 | 40,000,000 | 46,836,628 | 6,836,628 |
| 6 | 46,000,000 | 55,372,307 | 9,372,307 |
| 7 | 52,000,000 | 64,344,687 | 12,344,687 |
| 8 | 58,000,000 | 73,776,111 | 15,776,111 |
| 9 | 64,000,000 | 83,690,064 | 19,690,064 |
| 10 | 70,000,000 | 94,111,235 | 24,111,235 |
Plan a savings target
Read the projected balance and required contribution together
Enter today’s funds and monthly savings
Set the starting amount, monthly contribution and annual return. Choose month-start or month-end contributions to reflect their different growth periods.
Compare a deadline with a target
Enter your saving period and target amount. Compare the projected ending balance, time to target and monthly contribution needed within that period.
Separate contributions from growth
Read total contributions alongside estimated growth and the year-by-year balances. Change the return or contribution to see how sensitive the plan is.
A worked example
Save for one year without interest
- Start with
- Start 1,000,000 / monthly 500,000 / annual return 0% / 1 year / target 7,000,000
- Check the result
- Ending balance 7,000,000; contributions 7,000,000; growth 0
The target is reached in month twelve, and the required monthly contribution is 500,000. At 0%, contribution timing makes no difference.