Savings to Reach a Goal

Have a savings goal in mind? See how long it will take to achieve your goal if you start today.
Describe your goal
Become a millionaire
Cost of goal (today's dollars)
1,000,000
Info
Goal amount
Enter the dollar amount of the goal you want to reach in today's dollars.
Reach goal in how many years?
25.00
Inflation rate
2.00%
Info
Inflation rate
Your goal will cost more in the future because of inflation.
X
Input Error: Inflation Rate
Enter a value between 0% and %.
Cost of goal (future dollars)
1,640,606
Current savings
300,000
Monthly savings
750
Rate of return
6.00%
X
Input Error: Rate of return
Enter a value between 0 and %.
Become a millionaire
Goal
Savings




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Assumptions
The future cost of your goal is calculated using the entered inflation rate and years values. Taxes on the growth or redemption of your savings are not included in the calculations.

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