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Savings Goal Calculator

Find how much to save each month to reach a goal — or how long it will take.

  • 100% free
  • Two ways to plan
  • Interest included

Currency

$
$
%

Your savings account rate, or 0

I want to know

years

Save each month

$464.77

for 3 years

You'll put in
$18,731.54
Interest earned
$1,268.46

Last reviewed by the OnlineToolPro team

What is the Savings Goal Calculator?

Plans a savings goal — a deposit, a car, an emergency fund — either by working out the monthly amount needed by a date, or how long it takes at a monthly amount you choose. Interest is included.

How it works

How to use the Savings Goal Calculator

3 simple steps. No experience needed.

What can you use it for?

  • Save a house deposit by a target date.
  • Build an emergency fund.
  • Plan for a holiday or wedding.

Where to keep the money

For goals within a few years, an easy-access or high-interest savings account keeps the money safe and available. Investing suits longer goals, where there's time to ride out ups and downs.

FAQ

Frequently asked questions

How much should my emergency fund be?

A common guideline is three to six months of essential expenses.

Does the interest rate matter much?

For short goals, not a lot — the amount you save does most of the work. Over several years, interest adds up noticeably.

Related guides

Step-by-step help for getting more out of the savings goal calculator.

All guides

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