Savings Goal Calculator
Discover when you'll reach your goal and how much to save monthly.
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Frequently Asked Questions
How does the calculation with returns work?
The calculation uses monthly compound interest. For example, 6% annually equals approximately 0.49% monthly, applied to the accumulated balance.
Should I include returns in the calculation?
It depends on where you'll keep the money. Savings accounts or low-risk investments have returns. If it's just a checking account, leave at 0%.
What if we can't save the same amount every month?
Use a realistic average of what you can save. It's better to be conservative and exceed the goal than be optimistic and get frustrated.