How much do you need to save each month to reach a goal by a date? Find out in seconds.
Save each month
300.42
Save each week
69.33
Total you put in
5,907.49
How much to save each month
Set the goal, what you already have and when you want to get there. The calculator works out the monthly amount, taking into account any interest your savings earn. It also gives the weekly figure, which is often easier to stick to.
Make it happen
Move the amount on payday, before you start spending.
Keep goal money in a separate account so it does not mix with day-to-day spending.
If the monthly figure is too high, extend the date rather than giving up.
Frequently asked questions
Should I include interest on my savings?
Only if the money really earns it. Leave it at 0% for a current account; use the rate of your savings account otherwise.
What if I already have more than the goal?
Then you do not need to save anything more for it; the calculator shows zero.
How do I save for several goals at once?
Work out each goal separately and add the monthly amounts. If the total does not fit, prioritise the emergency fund first.
Indicative results. This is not financial advice.
Know how much you will have left at the end of the month
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