Savings Goal Calculator

Saving for a house deposit, a car, or a dream trip? Enter your target, what you already have, and what you can save each month — and find out exactly when you will get there.

Use 0 if your money sits in a regular bank account with no interest.

Your Results

Time to reach your goal
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Total you will have contributed
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Interest earned along the way
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How to use this calculator

  1. Enter the total amount you want to save.
  2. Enter what you have saved already.
  3. Enter what you can realistically set aside each month.
  4. Add an interest rate if your savings earn anything, then click Calculate.
Three levers: If the timeline is too long, you can save more per month, give yourself more time, or lower the target. Play with the numbers to find a plan you can actually stick to.

Frequently asked questions

How much should I save each month to reach my goal?

It depends on your target, your time horizon, and your interest rate. Try different monthly amounts in the calculator until the time frame feels realistic for you.

Does interest really make a difference for short goals?

For goals under a year or two, interest barely matters — your contributions do almost all the work. For goals 5+ years away, interest starts to contribute meaningfully.

What if I cannot reach my goal in time?

You have three levers: save more each month, give yourself more time, or lower the target. Adjusting any one of them in the calculator shows the trade-off instantly.

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