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Financial Calculator
Savings Goals Calculator
Whether you are saving money for a computer, car, vacation, or down payment on a house, this calculator will determine how much you need to put aside over time.
How much should I save to reach my financial goal?
Savings Goals Calculator
Our savings goals calculator can help you save for the next important purchase.
Savings goals calculator
- Savings
- Returns
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The results are hypothetical based on your input. Your actual results will vary. Any rates of return used are for illustrative purposes only and does not represent performance of any actual financial vehicle/strategies.
Emergency savings first.
Before aspirational purchases, your savings plan should prioritize an emergency fund to protect against job losses or other surprise costs. A good rule of thumb: you should have 3 to 6 months of living expenses in cash.
Tips for increasing your savings.
Make your savings target automatic.
You'll never forget to contribute to your savings if you setup regular automatic payments.
Save your windfalls.
If you receive a surprise lump of cash, commit to saving half of it.
More information and resources.
We have the tools and products you need to help you plan your financial future.
Want to learn more about saving goals?
Fill out this form and a New York Life financial professional will be in touch soon.