How to use it
- Enter Starting amount.
- Enter Annual rate %.
- Enter Years.
- Enter Compounds / year.
- Enter Monthly contribution.
The formula
Time to goal depends on deposit and rate.
Worked example
Bigger deposits bring the date closer.
Frequently asked questions
What speeds it up?
Larger or more frequent deposits.
Does interest help?
Yes, especially over longer periods.
Tips
- Automate deposits so saving happens by default.
- Keep an easy-access emergency buffer separate from goals.
- Chase a competitive rate — the gap compounds.
Key terms
- APY
- Yearly rate including compounding.
- Liquidity
- How easily you can access funds.
- CD
- A fixed-term deposit.