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Time to reach a target balance
Count the months until contributions and growth reach a target.
Illustrative result
32 months
- Months
- 32
Assumptions
- The search stops after 80 years.
Questions
Why 32 months for the example?
The gap is £8,000 and the monthly amount is £250, so 8,000 / 250 = 32 months when growth is zero.
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Estimates only. Tax and repayment rules can change, and this is not financial, tax or pension advice.
Live result32 monthsSee breakdown