Savings Goal Calculator
Find out how much to save each month to reach a goal by a target date, including interest on your savings, or how long a monthly amount will take.
Runs on your device
Result
Results appear here as you type.
What it does
Set a goal such as an emergency fund, a car or a deposit. The calculator accounts for monthly interest on the money you have already saved.
How to use it
- Enter the goal and what you already have.
- Enter months to reach it and the interest rate.
- Read the monthly amount needed.
Example
The example fills in realistic values and runs the tool. Select Try an example above to see it.
When it helps
- Emergency funds.
- House deposits.
- Holiday and wedding savings.
Questions
How big should an emergency fund be?
A common guideline is 3 to 6 months of essential expenses.
What if I can only save a fixed amount?
Enter it in the monthly field and leave months blank to see how long it takes.
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