Savings Goal Calculator
Key in your information to the respective fields given below: Savings Goal, Initial Deposit, Interest Rate, Time to Save and then click Calculate.
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Savings Goal Calculator - Glossary:
Using our savings goal calculator, can help to forecast your required monthly savings to reach your savings goal.
Savings Goal
The amount you plan to save for future investment/expense.
Initial Deposit
The starting balance of your proposed savings deposit account.
Time to Save
The total number of months you are planning to save to reach your savings goal.
Interest Rate
Agreed Interest rate under the terms of savings deposit account agreement. This calculator calculates interest on monthly basis which is reinvested back to your account.
Required Monthly Deposit/Savings
This calculator calculates the required monthly savings/deposit to reach a savings goal set by the user.
Total Interest Earned
Interest earned on your deposit account based on your APY.