Calculators

Savings Goal Calculator

Use this tool to determine how much to save in order to reach your goal.

You can use this calculator to project both short term personal goals (i.e. buying a car) and long term goals (i.e. planning for retirement).

After you've entered your information below, click the "Calculate" button to determine your estimated monthly savings.

Input - Savings Goal

Savings goal amount:	$
Current savings balance:	$
Anticipated increase to contribution¹:	%
Amount of time to save:
Expected annual growth rate²:

Calculate

¹Enter the percentage you plan to increase your savings contributions each year.
²If your money is in a savings account, CD or money market account, use a rate between 1% - 4%.

The calculators provide hypothetical examples and are not intended to represent past or future performance of a specific investment which cannot be predicted or guaranteed, or to provide specific advice to any individual. Rates of return will vary over time. Those investments offering a higher rate of return also involve a higher degree of risk.

As a guide, Equity Markets historically have experienced an approximate 9% rate of return. All results are hypothetical in nature. Investing involves risk including the potential for loss of principal. Past performance is not a guarantee of future results. Your actual investment experience will vary.

Any investment involves risk and there is no assurance that the investment objective of any investment option will be achieved. Before investing, understand that your investments are subject to market risk, including possible loss of principal.