Visualizer: Estimated future balances, plus savings calculator functionality

  • 11
  • Idea
  • Updated 4 years ago
  • Under Consideration
It'd be nice if the visualizer showed an estimation of the future progress of a goal, according to current APY and monthly contributions. Where will the goal be in a couple months? A couple years?

Additionally, it'd be great if this view of the future was also able to display the difference that changing the monthly contribution or making an extra one-time contribution would make to the goal's progress. What will it do for my goal's progress if I add some extra money I've got sitting in my checking account? What if I start contributing an additional $50 each month?

As an example, here's a savings calculator which I've lately been using to answer these questions for myself. A very useful feature with this calculator is how it has two data series, which allows me to easily compare directly between savings schedules.

This functionality would also be very useful when viewing the page for creating/modifying a goal.
Photo of Nick


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Posted 8 years ago

  • 11
Photo of Mike Ferrari

Mike Ferrari, Co-Founder

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Official Response

This is exactly the type of input we need for this area of our site. Although it is not a high priority for us, it is absolutely something we will be addressing soon.

Again, many thanks! You've given us some great ideas to think about.

Mike Ferrari, co-founder
Photo of WorkingDaddy


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"... it is absolutely something we will be addressing soon."

Fast-foward 1 year and I think Nick's idea is still a great one - even if you only implement something that shows the current projections (leaving the "what-if" calculations for a later implementation date).

Maybe also consider just drawing a horizontal line representing the financial goal. This would help to visualize how much more funds are needed to fill the goal. (As it stands now, of course, the tallest bar in the chart is always near the top of the chart - thus not really showing how far it is to reach the goal.)
Photo of bearryan


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When I was reading through this, and another idea that suggested improvements to the visualizer, I was thinking about a horizontal line for the goal amount in conjunction with the projected goal amount. This would help see when the goal will actually be reached, if it won't be on the goal completion date. It may also be helpful to have a vertical line where the goal completion date is to help give reference to the projected goal completion date.
Photo of Mike Ferrari

Mike Ferrari, Co-Founder

  • 306 Posts
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Totally agree.
Photo of chrissy81981


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Having a basic calculator outside of the "Goal creator" would be a nice addition too. I am always wanting to calculate how much I need to save within a period of time to reach a goal. This would be nice to have so you don't have to create a goal in order to do the calculation.