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Savings Goal Calculator

Description

The Savings Goal Calculator helps you determine how much you need to save each month to reach your savings goal within a specified time frame. You can account for your current savings, desired savings goal, annual interest rate, and the number of years you plan to save.

How to Use

  1. Enter your savings goal amount (the total amount you want to save) in dollars.
  2. Enter your current savings amount (the amount you already have saved) in dollars.
  3. Enter the time frame in years (how long you plan to save).
  4. Enter the expected annual interest rate as a percentage.
  5. Click the "Calculate Monthly Savings" button to find out how much you need to save each month to reach your goal.
Last updated: 09/13/2024
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