Savings goal calculator
Find how long it takes to reach a goal at your monthly amount, or what monthly amount gets you there by a date.
Time to reach $20,000
To get there in 3 years instead, save about $465 a month.
How this calculator works
Enter your goal, what you have, what you save each month and the interest you earn. The calculator adds interest and deposits month by month until you reach the goal.
It also works the other way: it shows the monthly amount that gets you there within the number of years you choose.
Common questions
Should I invest money for a short-term goal?
For goals under about three to five years, many people keep the money in savings, since stocks can fall right when you need it.
What interest rate should I use?
Use your savings account's current yield. High-yield savings accounts pay more than standard ones.
Is interest taxed?
In the US, savings interest is taxed as ordinary income.
FatDCA calculators are educational estimates, not investment, tax or legal advice. Results depend on the assumptions you enter, and past returns do not predict future returns.
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