Savings Goal Calculator

How to Reach Your Savings Goal Faster

The three levers of saving are: how much you save each month, how long you save for, and the interest rate you earn. Compound interest means money saved early is worth dramatically more — $500/month saved for 10 years at 6% interest yields $82,000, while the same amount saved for 20 years yields $232,000.

For short-term goals under 3 years, use a high-yield savings account. For medium-term goals (3–10 years), consider bonds or balanced funds. For long-term goals over 10 years, a diversified investment portfolio has historically returned 6%–9% annually — significantly outpacing inflation.