How it works
Each month your savings earn a little interest and you add your monthly contribution. This calculator steps through month by month until your balance reaches your goal, so you can see how saving more — or earning a higher rate — brings the date forward.
What if it says 100+ years?
Your monthly saving and interest aren't enough to reach the goal in a reasonable time — increase the monthly amount or the target date.
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This calculator assumes a constant interest rate and regular monthly saving and is for general information only — it is not financial advice. Real returns vary and exclude inflation, tax and fees. WorldTax is independent.