Work out how much to save each month to hit your target — or how long it will take at a set monthly amount. With compound interest at your rate. Get a free PDF savings plan.
This calculator is a guide only and not financial advice. It assumes monthly compounding, a constant interest rate and deposits made at the start of each month; real accounts may differ. Rates can change and savings interest may be taxable above your Personal Savings Allowance. Investments can fall as well as rise.
Whether you are building an emergency fund, saving for a house deposit or planning a big purchase, this calculator turns a vague goal into a clear plan. It works two ways: tell it how much you want and by when, and it works out the monthly amount you need to save; or tell it how much you can save each month, and it works out how long the goal will take. Either way it factors in compound interest at your account’s rate, so you do not over- or under-save.
Enter your target, anything you have already saved, your timeframe or monthly amount, and the interest rate (AER) on your account. The results update instantly and the free PDF shows a year-by-year growth schedule, how much of your pot is interest, and a Personal Savings Allowance tax check. To reach your goal faster, compare the best regular saver accounts; for goals five or more years away, a Stocks & Shares ISA or a Lifetime ISA (for a first home) may grow your money faster.