Free financial calculator
Savings Goal Calculator
Work backwards from a target to find the monthly amount needed to reach it on time.
Use the calculator ↓Adjust the assumptions
Savings Goal Calculator
Work backwards from a target to find the monthly amount needed to reach it on time.
Result
£0
View year-by-year breakdown ＋
| Year | Contributions | Growth | Balance |
|---|
Questions answered
What this calculator helps you work out
- How much must I save each month to reach my target?
- How do existing savings reduce the monthly amount?
- Could savings interest or investment growth close the gap?
Common questions
Savings Goal Calculator FAQs
Can I use a zero interest rate?＋
Yes. Set the rate to 0% to calculate the monthly amount using deposits alone.
Can this be used for an investment goal?＋
Yes, but an investment return is uncertain. Use a cautious assumption and compare several scenarios.
What if I already have enough saved?＋
The required monthly amount will fall to zero if your existing balance is projected to meet the target.