Savings Goal Calculator
Whether you are saving for a house deposit, a holiday, or an emergency fund, this calculator tells you either how long it will take at your current rate, or how much you need to save each month to hit your target date. Interest compounding is included.
Time to reach £10,000
2 years 8 months
32 months total
Total Deposited
£9,600
Interest Earned
£400
Milestones
Tips for Reaching Your Savings Goal
Consistency beats intensity. Setting up a standing order on payday means you save before you spend. Even small amounts compound significantly over time — £200/month at 4.5% becomes £13,200 in 5 years, of which over £1,200 is interest.
For the best rates, look at easy-access savings accounts, regular savers (often 5%+ for 12 months), or fixed-term bonds if you will not need the money early.
Last updated: May 2026
Built by The NexoraOS Team