Compound interest can have a dramatic affect on the growth of a single deposit. Use this calculator to determine how many years an existing savings account will take to reach your stated objective.
Savings and Assumptions
Current savings balance ($)
Desired savings goal ($)
Before-tax return on savings: (%)
Marginal tax bracket: (%)
Submit
Calculated results are estimates for illustrative purposes only. Actual savings and payments results will depend on the terms, amounts, and rate in your account. The calculator result does not constitute an offer for a loan; does not account for creditworthiness or other loan eligibility factors; and does not account for all fees or insurance that may apply. The calculator does not constitute a guaranteed financial outcome.