Set a target, add what you save monthly, and see when you can afford it.
A time-to-save calculator finds how long it will take to save for a big purchase, given your current savings, monthly contributions, and expected return.
Reaching a purchase goal comes down to your starting balance, how much you add each month, and the return you earn. The calculator projects your balance forward until it hits the target. Raising the monthly amount is the most reliable way to get there sooner, since it doesn't depend on markets.
For a purchase within a few years, safety matters more than yield, so a high-yield savings account or CD protects the money from a badly timed market dip. Automating the monthly transfer makes the goal happen without willpower, and adjusting the target or timeline keeps the plan realistic.
It depends on the cost, your current savings, monthly contribution, and return. Enter them above for a month-by-month estimate.
For goals within a few years, favor a high-yield savings account or CD over the market, to avoid short-term losses.
Increase the monthly amount, extend the timeline, or trim the target. Contributions are the most dependable lever.
See the exact formula and a worked example on our methodology page.