Savings Goal Calculator for Short Term Financial Goals

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See how long it takes to save for things you want in life.

A good savings plan goes a long way toward making your short-term savings goal a reality.

Your goal

Tell us more about how much you need and when you need it.

How much do you need? * Enter $ amount. Enter only numeric digits without decimals, between $1 and $50K.

Savings Amount Slider - Use arrow keys to change the slider value. $1 $50K

When do you want to reach your goal?

When do you want to reach your goal? - Years * Enter only numeric digits without decimals, between 0 and 5.

and

When do you want to reach your goal? - Months * Enter only numeric digits without decimals, between 0 and 11.

Savings Date Slider - Use arrow keys to change the slider value. 1 month 5 years

How much interest? * Enter only numeric digits up to 2 decimal places.

Savings Interest Rate Slider - Use arrow keys to change the slider value. 0.00% 5.00%

Interest rates may vary. Learn more about interest rates

Your personal savings target

To reach your goal:

Save 0 /mo

This calculator is for illustrative purposes only.

Save toward your goal

Whether you’re new to saving or an experienced saver, you can enjoy a wide range of benefits and services that help you grow with your savings account.

Open an account Open an account

Set up an appointment Set up an appointment

View your goal

Use our Goals Tool and easily track your progress.

Planning for retirement?

Try our Merrill Edge personal retirement calculator Learn more about planning for retirement Try our Merrill Edge personal retirement calculator

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Short-Term Savings Calculator