Note: This interactive calculator is intended as an educational tool but not as investment advice. The information presented isn’t designed to advise you of strategies which are applicable to your specific situation but rather to highlight issues for your consideration. Therefore, you should always consult your financial or tax advisor. Your own goals will help you to develop a specific financial strategy.
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Enter a valid value for your savings goal.
Enter a valid age.
Enter a valid age when you want to reach your goal.
Your goal age can't be younger than your current age.
Enter a valid value for the money you currently have saved.
Enter a valid value for your deposit.
You already have enough money saved.
You must save and deposit money to reach your saving goal.
Enter a valid number.
Enter a valid percentage for the annual interest rate
By increasing the amount you save on a regular basis, you can reduce the time it will take to reach your savings goal. You'll also earn more interest in the long run.
To reach your savings goal in %DESYEARS% years, you will need to save %NEEDSAVE% %RESULT_PERIOD%.
At your current saving rate it will take you %YEARS% years to reach your savings goal, including interest earned.