Target Savings Calculator

This calculator assumes a fixed interest rate. Please complete all fields to perform the calculation. Please check with your bank before making a decision on the basis of this calculator, since your bank may use a different method of calculating the interest.

How Much Do You Want To Save?
$

Initial Deposit
$

Annual Interest Rate
%

How Often Will You Make Additional Deposits?

Additional Deposit Amount
$

It will take 83 years and 3 months to save $1,000,000.00.