Make a plan to achieve your savings goal
Think about what you'd like to save for. Are you ready for a new car? Or maybe you have some home improvement projects on the horizon? Whatever your savings goal might be, you can use the Achieve Your Goal calculator to figure out how much you need to set aside, and how long it will take you to reach your goal.
Results
| With your current savings plan, you will reach your goal in: 92 years 0 months | |
| Initial balance | $1,000 |
| Total deposits | $110,400 |
| Total interest earned | $1,187,381 |
| Total taxes paid | $296,845 |
| Total savings | $1,001,936 |
| Congratulations! You are well on your way to achieving your goal. | |
This calculator assumes that the compounding frequency is the same as the deposit/payment frequency. Taxes are paid out of interest earned each period.
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- Data providers
- Copyright © 2009 Thomson Reuters. Click for Restrictions.
- Quotes supplied by Interactive Data Real-Time Services.
