Time to Reach a Savings Goal

Find how long it takes to reach a target — like your first $1 million — at your current savings rate.

Years to reach the goal 25.7 years

How it's calculated

The balance is grown month by month, adding your contribution and monthly return, until it reaches the target. The number of months is converted to years.

Assumptions

Returns compound monthly; contributions are made at month end.

Last updated: 2026-08-07

These assumptions follow our general methodology.

Frequently asked questions

Why might the answer be a fraction of a year?

The calculation is monthly, so it reports the exact month you cross the target, expressed in years.

Related calculators

Savings Goal Calculator Find the monthly amount you need to save to reach a target by a chosen date. Compound Interest Calculator See how a starting balance plus regular contributions grows with compound interest over time. FIRE Number Calculator Your FIRE number is the portfolio that can cover your annual expenses at a safe withdrawal rate — 25 times expenses at the classic 4% rate.