Savings Goal Calculator

Work out how much to save each month to hit a target by a set date.

Many easy-access savings accounts pay 3–5% — check your bank for current rates.

You'll need to save each month

Tell us your goal and timeline and we'll work out the monthly amount.

How it works

We grow your starting balance with monthly compounding, then solve the annuity formula for the monthly deposit needed to close the gap to your goal.

The longer your timeline, the more compound interest helps you out — and the smaller the monthly amount you need to set aside.

Related guides

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