Savings Goal

How long until you reach your goal?

Your goal $50,000

Saved already $5,000

Added each month $500

Interest rate 4.50%

You’ll reach it in

–

Move a slider to see the difference.

Your money in –

Interest earned (before tax) –

Interest is shown before tax — interest on savings is taxable income, so what you keep depends on your tax rate. Deposits are made at the end of each month and interest compounds monthly, at one rate for the whole period. No fees, no withdrawals. Indicative only. Not financial advice. The goal counts as reached at the end of the first month the balance is at or above it.