Money & shopping
Savings goal calculator
Work out a monthly contribution or time to reach a savings target.
A clear answer. Here’s how.
Subtracts existing savings from the target, with no remaining amount below zero. Required monthly savings divide the remainder by target months. Time at the supplied contribution rounds up to whole months. Assumes no interest, fees, withdrawals or inflation.
See a worked example
Worked example
A fixed demonstration, separate from the values you enter above.
- Target amount
- 5000
- Already saved
- 1000
- Target months
- 12
- Current monthly contribution
- 200
Example result
- Remaining target
- 4,000
- Required per month
- 333.333333333
- Months at current contribution
- 20
Interest, fees and inflation are excluded.