FTF Finance / Saving
Savings goal calculator
Start with a target and a timeline. Estimate how much to save each month, and see how your existing savings and assumed interest could contribute.
Your savings goal
Set your target, timeline, and interest assumption.
Changes denomination, not exchange value.
The balance you want at the end of your timeline.
Money already set aside toward this goal.
Enter 4 for 4%. Use 0 for a no-interest scenario.
Your savings plan
Required monthly contribution
USD 232.39
Save monthly for 3 years toward a target of USD 10,000.00.
Projected final balance
USD 10,000.29
New contributions
USD 8,366.04
Estimated interest
USD 634.25
Total contributed
USD 9,366.04
Your starting progress
10.0% of your target already saved. Remaining gap today: USD 9,000.00.
Projected balance breakdown
Contributions are rounded upward to currency precision and added at month-end. Interest uses a constant assumed rate. The projection is not a guarantee.
Savings projection
Year-end balances and the final month, if your timeline ends partway through a year. All amounts in USD.
| Elapsed time | Total contributed | Interest | Balance |
|---|---|---|---|
| 1 year | USD 3,788.68 | USD 92.44 | USD 3,881.12 |
| 2 years | USD 6,577.36 | USD 302.26 | USD 6,879.62 |
| 3 years | USD 9,366.04 | USD 634.25 | USD 10,000.29 |
How this estimate works
Your existing savings begin earning interest immediately. Interest is compounded monthly, and new contributions are added at the end of each month.
The nominal annual rate is divided by 12 for the monthly rate. Enter a nominal annual rate, not APY. The assumed rate remains constant throughout the projection.
The required monthly contribution is rounded upward to the selected currency's minor unit. The projection uses that rounded contribution, so the final balance may be slightly above your target.
Interest is calculated at full precision internally, rather than rounded every month. Displayed amounts are rounded to currency precision. A bank's interest and rounding methods may differ.
Contributions continue for the full selected timeline, even if the projected balance reaches the target sooner. No withdrawals, taxes, fees, inflation, or exchange-rate changes are included.
Currency selection changes denomination and formatting only. It does not convert amounts using exchange rates.
Educational illustration only. Assumed interest is not guaranteed, and actual investment returns may be negative. This is not personalized financial advice.