JAY Project
JAY Project
← Finance hub

Savings Goal Calculator

Target amount
KRW
Annual interest rate
%
Monthly contribution
KRW
Result
Time to reach goal

1.6 yr (19 mo)

Total contribution: 9,733,369 KRW
Interest earned: 266,631 KRW
Balance projection
0.2 yr1,001,458 KRW
0.3 yr2,008,767 KRW
0.5 yr3,021,960 KRW
0.7 yr4,041,072 KRW
0.8 yr5,066,138 KRW
1.0 yr6,097,192 KRW
1.2 yr7,134,269 KRW
1.3 yr8,177,405 KRW
1.5 yr9,226,634 KRW
1.7 yr10,281,993 KRW

Frequently Asked Questions

Q. Should I lock in months or monthly amount?

Two-way: enter monthly to get months-to-reach, or fix months to back-solve monthly. Pick whichever matches your situation.

Q. What annual rate should I enter?

Korean bank savings: 3-4%, with promo rates up to 5%. For ETF-style monthly investing, try 5-7% to compare.

Q. Typical Korean targets for wedding / housing / car?

Wedding KRW 50-100M, jeonse KRW 300-500M, new car KRW 30-50M. Enter your number to see the timeline.

Q. How big should an emergency fund be?

3-6 months of living expenses. KRW 2.5M/month spend → KRW 7.5-15M. Keep in instant-access CMA/MMF.

Q. How do I increase monthly savings?

(1) Cut fixed costs (telecom, subscriptions), (2) auto-transfer to a savings account, (3) save 50%+ of any raise, (4) add side income. KRW 100k/month extra = KRW 6M over 5 years.

Q. How do I factor in inflation?

The calculator is nominal. Subtract expected inflation (2-3%/yr) from your rate to estimate real value. KRW 100M in 5 years ≈ KRW 87M today.