Target Savings Calculator

This calculator assumes a fixed interest rate. Please complete all fields to perform the calculation. Please check with your bank before making a decision on the basis of this calculator, since your bank may use a different method of calculating the interest.

How Much Do You Want To Save?

Initial Deposit

Annual Interest Rate

How Often Will You Make Additional Deposits?

Additional Deposit Amount

It will take 83 years and 3 months to save $1,000,000.00.