Time to reach savings goal calculator UK
Estimate the months required to reach a target with regular deposits. Check the formula, worked example and limits before using your own figures.
Enter your figures
Monthly contributions needed
Inputs changed. Select Calculate result to update your estimate.
Use your actual figures. Any prefilled price, fee, rate or return is an editable illustration, not a current product quote. Constant AER, no withdrawals, fees or tax. The last contribution may take the balance above the target.
How the time to reach savings goal calculator uk works
Simulate monthly interest and deposits until the target is reached.
Data basis: mathematical formula using your inputs. Example prices and rates are illustrative, not current market quotes.
Read about data coverage and updates
Worked example: time to reach savings goal
This illustration uses the calculator’s example inputs. It is not a quote or a recommended financial decision.
- Starting savings (£)
- 1,000
- Monthly end-of-month saving (£)
- 200
- Target balance (£)
- 10,000
- AER (%)
- 4
Monthly contributions needed: 42 months
Simulate monthly interest and deposits until the target is reached.
Time to reach savings goal: questions answered
What does the time to reach savings goal calculation include?
Simulate monthly interest and deposits until the target is reached. Use your actual figures. Any prefilled price, fee, rate or return is an editable illustration, not a current product quote. Constant AER, no withdrawals, fees or tax. The last contribution may take the balance above the target.
Using your result
Example inputs are a starting point. Replace them with your figures and select Calculate result. Results are rounded for display; calculations use unrounded values.
Explore all 205 UK calculators