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Savings goal calculator

Work out how much to save each month to reach a target by a date, including the interest your savings earn.

Your goal

£
A house deposit, a car, an emergency fund or a holiday.
£
The month you want to reach your target.
%
Check your account's current rate. Use 0 to ignore interest.
£337
to save each month
24months to go
£78a week, if you'd rather save weekly
£8,066you pay in from now
£434earned in interest
  • Set up a standing order for payday, so the money moves before you can spend it.
  • Saving for a first home? A Lifetime ISA adds a 25% government bonus on up to £4,000 a year.

Saving for more than one thing? Our savings goals tracker follows several goals at once and shows progress for each.

See the tracker

How this is worked out

We convert the AER to a monthly rate, grow what you've already saved until your target date, and then work out the equal monthly payment that covers the rest. It assumes you pay in at the end of each month and the rate stays the same.

Interest on savings outside an ISA may be taxable if it goes over your Personal Savings Allowance. Rates change, so treat this as a guide.