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Save $50,000 in 3 years at 2%
Exact compound math for the given inputs.
$1,348.80
monthly deposit to reach the goal
Goal$50,000
You deposit$48,556.64
Interest covers$1,443.36
Deposits36 monthly
Frequently asked questions
How much do I need to save monthly?
To reach $50,000 in 3 years at 2% APY you need $1,348.80 per month (36 deposits).
How much comes from interest?
You deposit $48,556.64 in total; compound interest contributes the remaining $1,443.36 of the goal.
What if I earn 0% interest?
With no interest you would need $1,388.89 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.