Is the Savings Goal Calculator free?
Yes. It is completely free, with no sign-up, no watermark, and no usage limits.
Does it use a specific currency?
No. Amounts are currency-neutral and use the same unit across all inputs, so it works in any country.
How much do I need to save each month?
To reach $20,000 in 3 years with $2,000 already saved at 4%, save $464.77 a month. Interest adds about $1,268, so you deposit less than the goal itself.
Where should I keep savings for a goal?
For goals a few years away, high-yield savings accounts and CDs keep the money safe while earning interest. Money for longer goals is often invested, accepting some ups and downs.