Savings Goal Calculator
See how long it takes to hit your savings target.
Your Goal
£
£
£
%
Time to Reach It
You'll get there in
—
Total deposited—
Interest earned—
Frequently Asked Questions
We add your monthly deposit and apply monthly interest, month by month, until the balance reaches your goal. The result is the number of months (and years) needed.
If the goal is below your current savings you are already there. If deposits are zero and the goal is far above your balance, interest alone may take a very long time — the calculator caps at 100 years.
Reaching a Savings Goal
Two levers get you there faster: a bigger monthly deposit and a better interest rate. Regular deposits usually matter more than rate in the early years, while interest does more work as the balance grows.
Related calculators
See the power of compounding with compound interest, or plan retirement with the pension calculator.