Compound Savings Calculator: How Much Should I Save Each Year to Reach My Financial Goals?
Use our savings calculator 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.
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Personalized Financial Plans for an Uncertain Market
In today’s uncertain market, investors are looking for answers to help them grow and protect their savings. So we partnered with Vanguard Advisers -- one of the most trusted names in finance -- to offer you a financial plan built to withstand a variety of market and economic conditions. A Vanguard advisor will craft your customized plan and then manage your savings, giving you more confidence to help you meet your goals. Click here to get started.