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Reach a savings goal with monthly deposits.
A savings goal calculator projects the future balance of a savings plan where you deposit a fixed amount every month, optionally starting from an existing balance, at a given annual interest rate.
It helps you see how regular saving plus compound interest builds toward a target, and how much of the final balance is your own contributions versus earned interest.
Yes. Monthly deposits are treated as an ordinary annuity (end of each month), while any starting balance compounds from day one.
Yes — adjust the monthly deposit, rate or years until the final balance matches the goal you have in mind.
It is the gross rate. If interest is taxable, your effective growth will be a little lower.