Savings Goal Calculator
​​The calculator helps you figure out how much you need to save each month to reach your savings goal.
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What you need:
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Savings Goal - The total amount you want to save
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Initial Investment - Money you already have to start with
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Years to Grow - How many years you plan to save
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Estimated Interest Rate - Your yearly interest rate
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Compound Frequency - How often interest is compounded (monthly, annually, etc.)
Example:
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Your savings goal: $100,000
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You have $5,000 to start with
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You want to save for 10 years
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You'll earn 8% interest per year
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Interest compounds annually
The calculator will show you exactly how much you need to contribute each month to reach your $100,000 goal. Click the button below.
Compound Interest Calculator
​The compound interest calculator helps you see how your money grows over time when interest is added regularly.
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What you need:
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Initial Amount - How much money you start with
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Interest Rate - The yearly interest rate (for example, 8% per year)
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Monthly Contribution - The same amount (for example, $100 per month)
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Time Period - How many years you want to save (for example, 10 years)
Example
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Start with $1,000
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Add $200 every month
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Get 8% interest per year
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Save for 10 years​
The calculator will show you how much money you'll have at the end, plus how much interest you earned.
​Click the button below.
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