Savings Goal
Time to reach goal
2a 5m
29 total months
Frequently Asked Questions
Everything you need to know about savings and compound interest
How does the savings goal calculation work?
The tool simulates monthly accumulation considering current savings, monthly contributions and the compound annual interest rate. For each month it calculates: balance = balance × (1 + monthly_rate) + monthly_contribution, until the goal is reached.
What interest rate should I use?
For a savings account or interest-bearing current account, typical rates are 2-4% annual. For long-term ETF investments, the historical average is about 7-8% annual before inflation. 0% rate shows savings without interest.
How to accelerate reaching the goal?
Three main levers: 1) Increase monthly contributions (greater impact in the short term), 2) Increase the rate of return (by investing instead of keeping money in account), 3) Start with a larger initial capital. Time is the most powerful factor for compound interest.
Does my data stay private?
Yes, and not because we promise it: this tool runs entirely inside your browser. What you type or upload never leaves your device, so it never reaches a server of ours and there is nothing we could keep, read or lose. You can check it yourself: open the page, disconnect from the internet, and the tool keeps working.
Do you store what I enter?
No. There is no database behind this tool: we do not store your files, your text or your results. When you close the tab nothing is left — not here with us, because it never arrived, and not anywhere else.
Do you profile me? Are you GDPR compliant?
We do not profile you: there is no account to create, we never ask for your email to use a tool, and we keep no profile of what you do. We are an Italian company and we work under the GDPR and the other European rules, with the privacy notice and the consent request in plain sight. One thing we say in full rather than hiding it behind a slogan: the ads on the page are Google's, and Google may use cookies to personalise them. You decide from the consent banner: if you say no the ads stay, but they are not personalised, and the tool works exactly the same.
If it is free, how do you make money?
From the ads on the page, and that is all. We do not sell your data, there is no hidden paid plan, there is no limit that eventually asks for your card, and you do not have to sign up. The ads pay for the servers and for the time we spend writing the tools: that is how we can keep them open to everyone.