How long will it take to save $10,000?

Divide what's left by what you save each month. Example with hypothetical numbers: with $500 saved and $300 a month going in, the remaining $9,500 takes about 2 years and 8 months. This counts cash only, with no interest added.

Should I use this for investing goals?

Use it for cash goals like a trip, move, or first $1,000. For invested goals, use the compound interest or retirement calculator so growth is included.

Savings Goal Calculator: How Long to Reach Your Goal

Savings goal

Time to the goal

2y 8m

5% saved

Goal

Already saved

Monthly savings

Time to the goal

2y 8m

Cash savings only, this doesn't assume investment growth.

Saved so far

Saving $300 a month from $500, you reach $10,000 in 2y 8m.

Save your results

The details behind your number

Where you stand

Saved so far: 5%; $500 of $10,000
Monthly to finish in 12 months: $792
Monthly to finish in 24 months: $396

Stash Soon: what this goal needs each payday

Pick the month you want it by. Divide what's left of the price by the months between now and then, and that's what the goal needs every month.

Months until you want it

Every month: $792; $9,500 over 12 months
Paid twice a month or every two weeks: $396; Half of the monthly amount each paycheck
Paid weekly: $198; A quarter of the monthly amount each paycheck

For example, a $1,200 trip twelve months away needs $100 a month, or $50 a paycheck if you're paid twice a month. A $2,700 car down payment in the next 36 months needs $75 a month.

Plan your goals in two lists, one for the next 12 months and one for the next 36. These are Stash Soon goals, and they get saved, not invested. Keep them in a high-yield savings account apart from Unexpected, your emergency fund, with a named bucket for each goal if your bank offers them.

When a soon goal is paid for, its share moves to the next goal on your list.

Milestones on the way

When you pass each quarter of the goal at this pace.

25% of your goal, $2,500In 7 months
50% of your goal, $5,000In 1y 3m
75% of your goal, $7,500In 2 years
100% of your goal, $10,000In 2y 8m

What if you saved more each month?

Time to reach your savings goal at different monthly amounts
Monthly savings	Time to goal	Months saved
$300 (yours)You	2y 8m	Your plan
$350 (+$50)	2y 4m	4
$400 (+$100)	2 years	8
$550 (+$250)	1y 6m	14

Saving for a first home? The first home calculator finds your goal from the home price, down payment and closing costs.

Your next step

Same numbers, different first step

Two people can get this exact result and need totally different first steps. Your Money Type tells you which one is yours.

Find my Money TypeFree, about 2 minutes

Already know yours?

How It Works

01
Enter your savings goal and what you've already saved.
02
Set how much you save each month.
03
See how long it takes to reach the goal, and what it needs each month and each paycheck to arrive by the month you pick.

The 4 Money Types

The Math Is the Same. Your First Step Isn't.

Spenders, Savers, Scramblers, and Strategists each need a different first fix. The free quiz tells you which type you are, so you know what to do with this number.

Find My Money Type

Common questions

: Divide what's left by what you save each month. Example with hypothetical numbers: with $500 saved and $300 a month going in, the remaining $9,500 takes about 2 years and 8 months. This counts cash only, with no interest added.
: Use it for cash goals like a trip, move, or first $1,000. For invested goals, use the compound interest or retirement calculator so growth is included.
: Divide the goal's price by the months between when you start and when you want it. A $1,200 trip twelve months away needs $100 a month, or $50 a paycheck if you're paid twice a month. A $2,700 car down payment in the next 36 months needs $75 a month. Keep goals like these in high-yield savings, apart from your emergency fund, with a named bucket for each one.

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