Whether it's a house, a car, or financial freedom — find exactly how much to save each month.
The Savings Goal Calculator tells you exactly how much to save each month to reach any financial goal — house deposit, emergency fund, car, holiday or anything else — by your target date.
Enter your goal amount (the total you want to have), your current savings (how much is already in the pot), the months until you need it, and the expected annual interest rate on the savings vehicle. The calculator returns the monthly contribution needed to hit your target on time, the total you'll have contributed yourself, and the projected interest earned along the way. The chart visualises the growth: each month's contribution stacks atop compounding interest. Adjust any input to see how the monthly figure changes.
Future value of an account with current balance P, monthly deposit C, monthly rate r, after n months is FV = P(1+r)n + C × [((1+r)n − 1) / r]. Solving for the monthly contribution given a target FV gives C = (FV − P(1+r)n) × r / ((1+r)n − 1). The calculator runs that formula instantly. Two takeaways: a higher rate dramatically lowers the required monthly amount over long horizons, but for short-term goals (under three years) the rate barely matters and consistent deposits do almost all the work.
Automate the deposit so it leaves your account on payday and you save before you spend. Keep the savings in a separate account from your checking — out of sight, out of spending. Review and adjust quarterly. Use windfalls (bonuses, tax refunds, gifts) to top up rather than spend. And pick a single goal at a time when possible; competing goals dilute progress.