Toolyard

Savings Goal Calculator

How to plan a savings goal

  1. Enter the goal, what you have saved already and how many years you have.
  2. Enter the interest rate your savings earn.
  3. The monthly amount to save appears, with the total you deposit and the interest earned.

Frequently asked questions

How is interest counted?

Monthly: the yearly rate is divided by 12 and added to the balance each month, with deposits at the end of each month.

Which currency does it use?

Any. Amounts are plain numbers, so enter them in your own currency and read the results in the same one.

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