Savings Goal Calculator
See how long it takes to reach a savings goal.
- Private
- No sign-up
- Works in your browser
£
£
£
%
Optional — leave at 0 if unsure.
Time to reach goal
2 yrs 10 mths
You'll have paid in
£9,500.00
34 months
Interest earned
£604.35
What is the Savings Goal Calculator?
Set a savings goal and see how long it will take to get there based on your starting balance, monthly contributions and an optional interest rate. A simple way to plan towards a target.
How to use it
- 1Enter your savings goal and starting amount.
- 2Add how much you can save each month.
- 3Optionally add an interest rate to see the effect of compounding.
Common uses
- Saving for a holiday or a deposit
- Building an emergency fund
- Planning a big purchase
- Setting realistic monthly targets
Please note: Estimates assume regular monthly deposits and interest compounded monthly. Real returns and rates will vary.
Frequently asked questions
Does it include interest?
Yes, optionally. Enter an annual interest rate and the calculator compounds it monthly on your running balance. Leave it at 0 to ignore interest.
Is my information saved?
No. The calculation runs entirely in your browser and nothing is uploaded or stored.