Savings Goal Calculator for Short Term Financial Goals

warning-icon

You are using an unsupported browser version.Learn more or update your browser.

close browser upgrade notice

Already a customer? Use your Personal Financial Management Tools now.

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 less than $1 /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

Learn more about savings

8 simple ways to save money

Sometimes the hardest thing about saving money is just getting started. It can be difficult to figure out simple ways to save money. Read article Read the 8 simple ways to save money article
Simple ways to add to your savings

There's more than one way to save. Discover helpful and simple ways to save with budgeting tips and tools to get you closer to realizing your financial goals. Read article Read the simple ways to add to your savings article
Tips for smart money management

Do you know how much money you have in your checking account? If you have just a rough idea, you may want to take a closer look. Read article Read the tips for smart money management article

Short-Term Savings Calculator