Use this calculator to compute how much money you would need to start with to reach a savings goal.
Rate of return
Number of years
Show amortization schedule
You would need to start with $0.03 to reach your savings goal.
This calculator assumes a monthly deposit frequency and a monthly compounding period.
The start date is assumed to be the first day of the current month with periodic deposits beginning the first day of next month.
The savings goal is available upon your final deposit. The amount is adjusted by $0.03 to account for rounding.
The information provided by these calculators is intended for illustrative purposes only and is not intended to purport actual user-defined parameters. The default figures shown are hypothetical and may not be applicable to your individual situation. Be sure to consult a financial professional prior to relying on the results.
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