Savings Goal Calculator
When will you actually hit your number? Enter your savings, what you add each month and your expected return, and see exactly how long it takes - with the option to keep your goal honest by adjusting it for inflation.
Grows your balance monthly with your contributions and return, until it crosses the goal. With an inflation rate, the goal rises each year so it stays worth the same in today's money. A model with constant assumptions, not financial advice.
Frequently asked
How long will it take to reach my savings goal?
It depends on four things: how much you have now, how much you add each month, the return you earn, and how big the goal is. This calculator runs your numbers month by month - growing your balance and adding your contributions - until it crosses your target, then tells you the exact time. Small changes to your monthly contribution or return can move the finish line by years.
Why does the tool grow my goal with inflation?
Because a goal set in today's money buys less in the future. If you want the equivalent of a certain sum in today's purchasing power, the nominal number you actually need grows with inflation each year. Entering an inflation rate makes the target a moving line, so the time you see is the honest, real horizon - not a flattering one that ignores rising prices.
Is it better to save more or invest for a higher return?
Early on, your contributions do most of the work - so saving more has the biggest, most reliable impact and it is fully in your control. As the balance grows, returns take over and compounding accelerates. The calculator shows how many months you would cut off by increasing your monthly saving, which for most people is the fastest lever to pull.
What return should I assume?
A broadly diversified stock portfolio has historically returned roughly 6-8% a year before inflation over long periods, with big swings along the way; bonds and cash return less. Use a realistic, slightly conservative figure rather than a hopeful one - and remember these are averages, not guarantees. If your goal is only a few years away, assume a lower return, because there is less time to ride out a downturn.
What if my goal is not reachable at this rate?
If your contributions and return cannot get there within a lifetime of saving, the tool will tell you. The fixes are straightforward: save more each month, aim for a longer time horizon, target a smaller number, or accept more investment risk for a higher expected return. Seeing that clearly is far more useful than an over-optimistic date.
Can Alvest track my progress toward a goal?
Yes. Alvest follows your real, after-inflation net worth across every account and projects it toward your goals, so you always know whether you are on track. You can start free.