Savings goal calculator
See how long your goal will take, or what monthly saving gets you there sooner. Picking the goal is the easy part. The hard part is knowing, three months in, whether you're still on track.
Updated for the 2026/27 tax year · reviewed
Your goal
You'll get there in
2 years 8 months
reaching £10,000 by May 2029
Target date
May 2029
Months to goal
32
Total contributed
£9,600
Interest earned
£513
Balance vs goal
How your balance climbs towards the goal, month by month.
You know the monthly figure. Can your household actually spare it?
See this goal sitting next to your mortgage, pension contributions and everyday spending - and what has to give if you want to hit the date.
Create your free accountHow this calculator works
Starting from your opening balance, we add your monthly saving plus interest, month by month, and stop as soon as the running total reaches your goal. That gives a whole number of months rather than an estimate, so the target date above is the month the goal is actually hit, not a rounded guess.
If the goal is still out of reach after 100 years of saving at these numbers, we say so honestly rather than showing a huge, meaningless month count - try raising the monthly saving or the starting balance, or lowering the goal, to bring the date back into view.
This assumes a steady monthly contribution and a constant interest rate the whole way - useful for planning, but real life rarely stays that even. Treat the result as a target to aim for rather than a promise.
Questions people ask
How long will it take to reach my savings goal?
It depends on your starting amount, monthly contribution and interest rate - this calculator works out the time directly from those three numbers. Small increases in monthly saving often shave off more time than you'd expect, because each extra pound compounds too.
Should I include interest when planning a goal?
It's sensible to include a modest rate for realism, but don't rely on it too heavily for short-term goals - interest makes a small difference over one or two years and a much bigger one over five or more. For near-term goals, focus mainly on the contribution amount.
Fixed-rate or easy-access - which should I use?
Fixed-rate accounts usually pay more but lock your money away, which works well if your goal date is fixed and known. Easy access costs a little in rate but keeps flexibility if your timeline or the goal itself might change.
What if I can't save the same amount every month?
This calculator assumes a steady monthly contribution as a planning simplification - real life is rarely that even. Treat the result as a target average to aim for, topping up in stronger months to cover leaner ones.
Last reviewed against 2026/27 UK rules. Projections are estimates for education, not financial advice. Understanding your projections.
A calculator answers one question at a time.
The planner keeps all of them next to each other, so an overpayment you model today still shows up in the pension picture in twenty years.
- Free to start
- No card needed
- Your figures carry over