Goal Planning
How Much Do You Need to Save?
Fill in your goal and where you stand today. We’ll tell you exactly how much extra you need to put away each year — and how much less that becomes if you invest it instead of leaving it in cash.
What are you saving for?
My savings goal is
The total amount you want to end up with
$
I want to reach it in
How many years from today?
years
Where do you stand today?
I already have
Total savings or investments you have right now. Enter 0 if starting from scratch.
$
I already plan to save
Amount you’re already committed to setting aside each year. Enter 0 if nothing yet.
$
/yr
Here’s your plan
Option A — Cash savings
If you just save cash in a bank account (no investment growth)
extra per year, on top of what you already plan to save
Option B — Invest it ✦
If you invest it in an S&P 500 index fund (10.5% avg. per year)
extra per year — the market grows the rest for you
Your goal
what you want to reach
Your plan already gets you to
from existing savings + contributions
Still to find
the gap your extra savings must close
How your money grows year by year
The green line shows what happens if you invest the extra. The blue line shows cash savings only. The dotted line is your goal.
Invested (Option B)
Cash savings (Option A)
Your goal
For educational purposes only. The 10.5% rate is the S&P 500’s long-run historical average including reinvested dividends — your actual returns will vary and past performance doesn’t guarantee future results. Contributions are assumed at the start of each year. Your existing savings are assumed to be invested. This is not financial advice.