Free savings goal calculator with two modes: calculate time to reach your goal, or calculate how much to save monthly. See month-by-month growth, progress milestones, and compare what-if scenarios with different rates and contributions. Updated with 2024 federal tax brackets, standard deductions, and contribution limits.
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| Tax Rate | Single Filer | Married Filing Jointly |
|---|---|---|
| 10% | $0 – $11,600 | $0 – $23,200 |
| 12% | $11,601 – $47,150 | $23,201 – $94,300 |
| 22% | $47,151 – $100,525 | $94,301 – $201,050 |
| 24% | $100,526 – $191,950 | $201,051 – $383,900 |
| 32% | $191,951 – $243,725 | $383,901 – $487,450 |
| 35% | $243,726 – $609,350 | $487,451 – $731,200 |
| 37% | Over $609,350 | Over $731,200 |
This savings goal calculator uses the latest 2024 federal tax brackets, standard deduction of $14,600 (single) / $29,200 (married filing jointly), and updated contribution limits. The Social Security wage cap for 2024 is $168,600, and the 401(k) contribution limit is $23,000.
All calculations are performed in your browser with no data sent to any server. Results are instant, free, and completely private.
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| Month | Deposit | Interest | Balance |
|---|---|---|---|
| Start | -- | -- | $5,000.00 |
| 1 | $500.00 | $20.83 | $5,520.83 |
| 2 | $500.00 | $23.00 | $6,043.84 |
| 3 | $500.00 | $25.18 | $6,569.02 |
| 4 | $500.00 | $27.37 | $7,096.39 |
| 5 | $500.00 | $29.57 | $7,625.96 |
| 6 | $500.00 | $31.77 | $8,157.73 |
| 7 | $500.00 | $33.99 | $8,691.72 |
| 8 | $500.00 | $36.22 | $9,227.94 |
| 9 | $500.00 | $38.45 | $9,766.39 |
| 10 | $500.00 | $40.69 | $10,307.08 |
| 11 | $500.00 | $42.95 | $10,850.03 |
| 12 | $500.00 | $45.21 | $11,395.24 |
| ... 56 more months ... | |||
| 69 | $500.00 | $191.02 | $46,536.82 |
| 70 | $500.00 | $193.90 | $47,230.73 |
| 71 | $500.00 | $196.79 | $47,927.52 |
| 72 | $500.00 | $199.70 | $48,627.22 |
| 73 | $500.00 | $202.61 | $49,329.83 |
| 74 | $500.00 | $205.54 | $50,035.37 |