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Savings Interest Rate Calculator

Finance

Find the interest rate your savings account needs to earn to reach a specific savings goal, given your starting balance, monthly deposits, and time horizon.

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USD
$1.00$100,000,000.00
USD
$0.00$100,000,000.00
USD
$0.00$1,000,000.00
years
0.1 years50 years

Required Annual Interest Rate

7.219

The lowest annual rate that gets you to your goal on schedule

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Calculator Stats

Odeh Ahwal

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Odeh Ahwal
Reviewed and verifiedThis calculator was reviewed and verified by the Calcupedia due diligence team.

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Frequently Asked Questions

What if the required rate comes back unrealistically high?

That means your deposits and time horizon alone are not enough to hit your goal at any normal savings rate. Increasing your monthly deposit or extending your timeline will bring the required rate down.

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