Compound Savings Calculator: How Much Should I Save Each Year to Reach My Financial Goals?
Use the financial calculator below to see how much you should save each year in order to reach your financial goals.
For example, if you’re planning to buy a $10,000 car in 5 years, and you think you can achieve a 2% return on your money each year, enter "$10,000" as the Goal Amount, "5" as the Years to Goal, and "2%" as the Annual Rate of Return. If you already have $1,000 saved up, enter "$1,000" as your Current Amount Saved.
Use this savings calculator to see how much you need to set aside each year in order to reach a specific financial goal.
|Years to Goal:|
|Annual Rate of Return (%):|
|Current Amount Saved:|