Frequently Asked Questions
How is the time to reach my goal calculated?
We simulate month-by-month growth, adding your contribution and applying compound interest each month until your balance reaches the goal amount.
What interest rate should I use?
Use the current APY from your savings account or investment account. High-yield savings accounts offer around 4–5% APY. Index funds historically average around 7–10% annually.
Does the calculator account for inflation?
No. For long-term goals, your real purchasing power will be lower than the nominal amount shown. A financial advisor can help with inflation-adjusted projections.
What if I can't contribute monthly?
Even small contributions add up significantly over time due to compound interest. Try increasing your contribution by just $50/month and see the difference.
How does the Worth It Score work?
The score reflects how quickly you can reach your goal relative to the timeline. Reaching your goal in under 2 years scores highest; goals over 10 years score lower.