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 - maximum value $5,000,000)

1,000,000

Goal amount
Enter the dollar amount of the goal you want to reach in today's dollars.

Reach goal in how many years? (maximum 50 years)

25.00

Inflation rate (maximum value %)

2.00%

Inflation rate
Your goal will cost more in the future because of inflation.

Input Error: Inflation Rate
Enter a value between 0% and %.

Cost of goal (future dollars)

1,640,606

Current savings (maximum value $500,000)

300,000

Monthly or annual savings?

Made at start or end of period?

Monthly savings (maximum value $12,000)

750

Rate of return (maximum value %)

6.00%

Input Error: Rate of return
Enter a value between 0 and %.

Become a millionaire

Goal

Savings

PDF

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.

Disclaimer

Savings to Reach a Goal

This chart shows how much you need to save to reach a goal.

Goal amount (today's $'s):		Current savings:
Reach goal in:	25	Regular savings	Monthly
Inflation rate	2.00%	Monthly amount	$750
Goal amount (future $'s):		Made at start/end of period?	Start
Rate of return

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.