How do I calculate how long it will take to reach my savings target?

Enter your current balance, regular savings amount, interest rate, and target amount. The calculator will show how many months or years it will take to reach your goal.

Can I adjust interest and contribution frequency?

Yes. You can select different compounding and contribution frequencies to reflect your savings plan more accurately.

Is this savings calculator free to use?

Yes. All calculators on Optimly are free to use with no registration required.

OPTIMLY Calculators | Savings Time To Target Calculator

Savings target inputs

Target amount:

Start date:

Current balance:

Regular contribution:

START REGULAR PAYMENT ON MONTH:

Contribution frequency:

Interest rate, AER: