Results
Required deposit: —
This is general information only and not financial advice.
Schedule (first 24 rows)
| Period | Deposit | Interest | Cumulative interest | Ending balance |
|---|
How to use the savings goal planner
Select the mode that matches the question you are trying to answer: solve for the required deposit, estimate the number of periods needed, or project the future value. Choose APR when you have a nominal rate with a compounding frequency, switch to EAR for an effective annual yield, or pick continuous to model smooth exponential growth.
Adjust the deposit frequency, choose whether contributions happen at the beginning or end of each period, and include an optional inflation rate to see the real purchasing power of the final balance. The summary updates after every calculation so you can compare scenarios quickly.
FAQ
How should I choose between APR, EAR, and continuous compounding?
Use the nominal APR when the bank quotes a rate with a compounding frequency, switch to EAR when you already have an effective annual yield, and pick continuous compounding when you are modelling theoretical growth with smooth returns.
What if the planner says my goal is unreachable?
Increase your periodic deposit, extend the time horizon, reduce the goal amount, or assume a higher return. Without positive contributions or when returns stay negative, the balance may never reach the target.