Short-Term Savings Calculator

Reaching a short-term financial goal - whether it’s for a vacation, a new gadget, or building an emergency cushion - starts with a plan.

This tool helps you figure out exactly what you need to set aside each month to reach your target by a specific date. It takes your current savings, monthly contributions, interest rate, and time frame, then shows whether you're on track - or if you need to adjust.

If you’re falling short, you’ll see how much more you need to save to close the gap. And if you’re already on pace to hit or exceed your goal, you’ll get that confirmation too.

Your Goal

$10,000

Planned Savings

$8,411

You need to save $1,589 more to reach your goal.

Savings Tips

The key to successful short-term saving is consistency and realistic goal-setting. Here are some strategies to consider:

Automate your savings - Set up automatic transfers to make saving effortless.
Explore high-yield accounts - Even a small interest rate increase can help your money grow faster.
Adjust as needed - If you're falling short, consider increasing contributions or extending your timeline.
Track your progress - Regular check-ins help you stay motivated and on track.

Remember, starting to save regularly is just as important as reaching your specific goal. These habits will serve you well for larger, long-term financial goals, too - no matter what they may be.

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Dort Financial Credit Union is a not-for-profit financial cooperative whose mission is enriching people’s lives…members, employees, community.