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Save $5,000 in 10 years at 6%
Exact compound math for the given inputs.
$30.51
monthly deposit to reach the goal
Goal$5,000
You deposit$3,661.23
Interest covers$1,338.77
Deposits120 monthly
Frequently asked questions
How much do I need to save monthly?
To reach $5,000 in 10 years at 6% APY you need $30.51 per month (120 deposits).
How much comes from interest?
You deposit $3,661.23 in total; compound interest contributes the remaining $1,338.77 of the goal.
What if I earn 0% interest?
With no interest you would need $41.67 per month — interest does part of the work here.
Try nearby scenarios
Change the numbers yourself
Open the interactive savings goal calculator — every field is editable.