Find out how long it takes to hit your savings target, how much interest you earn, and how your balance grows year by year.
Built for Singapore and SEA savers
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Take your target amount, subtract what you already have, and divide by your monthly contribution to get a rough number of months. Interest shortens this further. This calculator does the full month by month maths including compound interest for you.
It depends on where your money sits. A regular savings account pays very little, while high-yield savings accounts and Singapore T-bills or fixed deposits have recently offered higher returns. Use a realistic rate for your account and remember rates can change.
Yes. Interest is compounded monthly on your running balance, and your monthly contributions are added each month. The result shows both the time to reach your goal and the total interest you earn along the way.
Yes. Every calculator on AsiaCalc is completely free to use with no signup required. All calculations run in your browser, so the figures you enter are never uploaded or stored.
The results are estimates based on published rates and the details you enter. They are intended for planning and general reference. For decisions that matter, confirm the figures with the official source or a qualified professional.
⚠️ Financial Disclaimer: Calculations on this site are for informational purposes only and do not constitute financial advice. Results are estimates based on the inputs you provide and assume a fixed rate of return, which is not guaranteed. Always consult a qualified financial advisor before making decisions.
This calculator works out how long it takes to reach a savings target, given what you have today, how much you add each month, and the interest you earn. It runs the maths month by month, adding interest to your balance and then your contribution, until the balance reaches your goal.
Each month, the calculator applies one twelfth of your annual rate to your running balance, then adds your monthly contribution. Because interest is earned on a growing balance, the later months contribute more interest than the early ones. This is compounding, and it is why starting early and staying consistent matters so much.
The rate you choose should reflect where your money actually sits. A standard savings account in Singapore pays very little, often well under 1%. High-yield savings accounts, fixed deposits, and Singapore T-bills have recently offered more. If you are unsure, a conservative rate gives you a safer timeline than an optimistic one.
The year by year table shows how much you contributed, how much interest you earned, and your balance at the end of each year. Watching the interest column grow over time is a useful reminder that the longer you save, the harder your money works for you.