Elite Savings Goal Planner

🎯 Elite Savings Goal Planner

AI-Powered Financial Planning with Live Market Data

📊 3 Essential Charts 🔴 Live FRED Data 📄 Document Auto-Fill 💡 Inflation Adjusted 📈 Scenario Comparison

🎯 What Would You Like to Calculate?

🎯 Your Savings Goal

⏰ Timeline & Contributions

📈 Market Assumptions Live FRED Data

Calculating your personalized savings plan...

Required Monthly Deposit
$0
To reach your goal
Total Contributions
$0
Your deposits
Total Interest Earned
$0
Compound growth
💡 Inflation Impact
Your goal of $50,000 today will need to be $56,408 in 5 years to maintain the same purchasing power at 2.5% annual inflation.
📈 Savings Growth Over Time
💸 Real vs Nominal Value
💰 Interest Accumulation
📅 Year-by-Year Savings Timeline

📄 Upload Bank Statement

Upload your bank or investment statement (PDF or CSV) and we'll automatically extract your current balance and interest rate to pre-fill the calculator.

📄
Click to upload or drag & drop
Supports PDF and CSV files (max 10MB)
✅ Statement Processed

📊 Compare Savings Scenarios

See how different monthly contributions affect your timeline and total interest earned.

📈 Scenario Comparison

📚 Understanding Compound Interest

Compound interest is when you earn interest not just on your original deposit, but also on the interest you've already earned. This is often called "interest on interest" and is one of the most powerful concepts in personal finance.

The Rule of 72: To quickly estimate how long it will take your money to double, divide 72 by your interest rate. For example, at 4% interest, your money doubles in approximately 18 years (72 ÷ 4 = 18).

💡 Why Inflation Matters

Inflation erodes the purchasing power of money over time. If your savings goal is $50,000 today, you'll need more than $50,000 in the future to buy the same goods and services.

This calculator adjusts for inflation using live data from the Federal Reserve Economic Data (FRED) system, giving you realistic savings targets based on current economic conditions.

🎯 Tips for Successful Saving

  • Automate your savings: Set up automatic transfers on payday
  • Start early: Time is your best friend when it comes to compound interest
  • Be consistent: Regular small contributions beat irregular large ones
  • Review regularly: Adjust your plan as your income and goals change
  • Consider tax-advantaged accounts: Use IRAs, 401(k)s, or HSAs when appropriate