Savings goal calculator
Target, current savings, annual rate (monthly compounding), and monthly add. Time to the goal.
CopiedFAQ
How is time calculated? Monthly rate r = annual/12/100. n = log((target + monthly/r) / (current + monthly/r)) / log(1+r). If the rate is 0, n = (target − current) / monthly.
What if I add nothing? If monthly add is 0 and the rate is above 0, it uses n = log(target / current) / log(1+r). If the rate is also 0, it cannot get there.
Is this advice? No. It is the closed-form months for a fixed monthly deposit.