Enter your goal, current savings, and monthly contribution — see exactly when you'll get there and how interest helps along the way.
Enter four simple inputs — your savings goal amount, how much you've already saved, your planned monthly contribution, and the interest rate you're earning. The tracker instantly calculates how many months it will take to reach your goal, how much interest you'll earn along the way, and shows a month-by-month breakdown of your progress.
A standard bank savings account might offer 0.01% APY. A high-yield savings account currently offers 4–5% APY. On a $10,000 savings goal with $300/month in contributions, that difference can shave several months off your timeline and put hundreds of extra dollars in your pocket without any additional effort.
Even small increases to your monthly contribution make a big difference over time. Try adjusting the monthly contribution input and watch how your timeline shifts. Going from $200/month to $250/month on a $10,000 goal can cut months off your journey.
APY stands for Annual Percentage Yield — the real rate of return on your savings after accounting for compound interest. This tool uses monthly compounding, which is standard for most savings accounts.