Savings Goal Calculator
Enter your goal, current savings, monthly contribution and expected return to see when you'll hit your target.
Your details
Projected growth
How this is calculated
We simulate your savings month by month: each month applies 1/12 of your expected annual return, then adds your monthly contribution. As soon as the balance meets or exceeds your goal, we stop and report the elapsed time.
If your expected return and contribution are both zero, the goal is unreachable. If growth alone is far below your goal and contributions are small, hitting the target could take decades — the calculator caps at 100 years and marks it as unreachable.
Who this calculator is for
This is aimed at anyone weighing up borrowing, saving or investing decisions before committing to them. It is most useful when you are comparing offers side by side, testing how sensitive a plan is to a change in rate or term, or sanity-checking a figure a lender or adviser has quoted you.
Assumptions and accuracy
Results assume the interest rate you enter stays fixed for the whole term and that payments are made on schedule. Real products may carry arrangement fees, early-repayment charges, variable rates, or different compounding intervals, all of which change the total. Use this to compare options, then confirm the exact figures with the provider.
Frequently asked questions
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