Save Calculator

The balance you are aiming for. Not used when you are solving for the balance.
Used when solving for time or for the final balance.
The rate your account pays. Say below whether that is the nominal rate or the APY.
Not used when you are solving for time.
Deposit needed each period
150.83
Savings Calculator
Balance reached
10,000.00
Deposit periods needed
60.0000
Years needed
5.0000 years
Months needed
60.00 months
Total paid in
9,049.91
Interest earned
950.09
Shortfall against the target
0.00
Rate per deposit period
0.33333333 %
Worked out from Time-value-of-money identity FV = PV(1+i)^n + PMT[(1+i)^n - 1]/i, with the annuity-due factor (1+i) and 1 other source.

How this is worked out

4 steps
  1. Rate per period = 0.33333333%, over 60 periods
  2. The 0 already saved grows to 0
  3. Deposits must supply 10000
  4. Deposit = that amount / annuity factor = 150.83 per period

Results are general information, not financial, tax, legal, medical or engineering advice.