I have this question a lot, and it’s a pivotal question to ask when it comes to your personal finances – “How long will it take me to save X amount of dollars, if I already have Y amount of dollars, and I save Z amount of dollars each month?”
This calculator will let start with a base savings amount and tell you how long it will take you to hit your goal with a certain dollar amount put towards it each month, and certain interest rate.
Enjoy, and share freely!
What’s the Next Step?
Once you’ve figured out how long it will take you to achieve your investment goal, the next step is to completely automate this process. Automation eliminates the possibility that you will miss a deposit, and increases follow through to almost 100%.
Set it up once, and watch your savings grow while you worry about the more important things in your life.
Grab the Financial Automation Checklist Collection and check out the “Building Your Cash Savings” and “Investing” sections to set this process up for yourself. I’ll also show you a free video with how to set up your first automated payment.
Did you find this tool helpful?
If you found this tool helpful, please share it using the buttons on this page, or link to it using this URL: https://academysuccess.com/personal-finance-calculators-tools/savings-goal-calculator/
Feedback? Contact me here.