Savings Goal Planner
Reverse-engineer your financial targets into daily and monthly saving habits.
Define Your Goal
Increase savings as your income grows
Compound Interest Effect
At **4.5%** APY, your money will earn interest helping you reach your goal faster through compounding growth.
Progress & Milestones
Starting Point
$5 000
25% Hit
Month 7
50% Hit
Month 18
75% Hit
Month 27
You are **$45 000** away from your **$New Home Down Payment** goal.
Strategy Tips
Automate your transfers to occur on payday.
Step-up allows you to start smaller and finish stronger.
Re-evaluate your goal if the monthly total is > 20% of income.
The Sinking Fund Strategy
Our planner uses the **Sinking Fund** method combined with a **Step-Up** model. This allows your savings to scale with your career growth, ensuring you hit your target without initial financial strain.
Calculation Model
We use a **Bisection Algorithm** to find the exact starting monthly contribution needed to reach your Future Value (FV) given an annual increase in your ability to save.