Savings Goal Calculator

Got a savings goal but unsure when you could reach it? Use our Savings Goal Calculator to see how much time it could take—depending on the amount of money and frequency that you save—to reach your goal with a Marcus Online Savings Account.

Annual Percentage Yield (APY) as of June 07, 2026. APY may change at any time before or after account is opened. Maximum balance limits apply.

This calculator is for illustrative purposes only and its accuracy cannot be guaranteed. Calculation based on the cost of the goal you enter, and the amount and frequency of your recurring deposits. Calculation assumes that principal and interest remain on deposit and are rounded to the nearest dollar and that there are no additional deposits or withdrawals.

Using the Savings Goal Calculator

Our Savings Goal Calculator is easy to use, but first you’ll need to identify what your goal is, how much it costs, and how much money you can regularly contribute to an Online Savings Account for it. Next, use the calculator to figure out how much time you’ll need to reach your goal.

How to use the calculator:

Pick your goal. Are you saving for a trip, or are you looking to add more money to your rainy day fund? Use the drop-down menu to select what best matches your goal
Enter how much you need to save. How much will your goal cost? Enter this amount into the calculator.
Enter how much money you can regularly save (and the frequency). You can choose to make weekly, bi-weekly or monthly deposits to your Online Savings Account. Enter the recurring amount you plan to deposit, and use the drop-down to select your preferred savings schedule.
See your result! If you’d like to reach your goal sooner, try increasing the frequency or the dollar amount that you contribute. Try different scenarios to see your options.

What comes next?

The Savings Goal Calculator can help you break down an intimidating goal, or amount of money, into a series of smaller, manageable savings actions. Because the calculator shows the potential interest you could earn with our Online Savings Account, it’s also a nice visual reminder that you can put your money to work.

How you save your money matters. For more information, check out our article about High-Yield Saving Accounts.

Understanding the Savings Goal Calculator

The savings goal calculator is pretty simple, but we’ll walk you through each step for how to use it. There are a few things you’ll need to think about – what your goal is, how much it’s going to cost, how much you can contribute on a regular basis – and our savings goal calculator will tell you how long it will take to for you to reach your goal. Here’s how it works:

Pick your goal. Are you saving for a car? A trip? Or simply looking for more money in your rainy day fund? Use the drop down to select the goal that most closely matches what you’re saving for.
Enter how much you need to save. How much does what you’re saving for cost? Enter this amount into the calculator.
Enter how much you can save on a regular basis and how often. This can be weekly, bi-weekly or monthly. Enter the amount you can contribute regularly and use the the drop-down to choose a savings schedule.
Click ‘Let’s do the math’
Get your result! If you’d like to reach your goal a little more quickly, try increasing either the frequency of your contributions, or increasing the dollar amount you can contribute.

What to use the Savings Goal Calculator for

One thing we really like about the savings calculator is that it could help make a big goal – like saving up for a car – into an approachable target by breaking a large sum down into smaller goals. It also could help you see how tweaking certain variables, like changing the size of your deposit, may impact your savings timeline.

This sort of action plan in place could work for just about any goal. Because it calculates the interest you could earn with our Online Savings Account, it’s also a nice reminder that your money is at work.

Learn more about High-Yield Saving Accounts.