Free Savings Goal Calculator
Enter a savings target and monthly contribution to see when you'll get there. Or flip to reverse mode: enter a target and deadline to find out how much to save each month.
Savings Goal Calculator
Mr B says: Saving feels abstract until you attach a number and a date. Use the reverse mode to work backwards from your deadline — sometimes the monthly number is more motivating than the total.Two ways to think about a savings goal
Forward mode answers "if I save this much each month, when will I hit my target?" — useful when you know what you can comfortably put aside and want to see the timeline. Reverse mode answers "I need this much by this date, how much do I need to save each month?" — useful when the deadline is fixed, such as a wedding, a trip already booked, or a tax payment due on a specific date. Most savings goals fit naturally into one framing or the other.
Why automating the transfer matters more than the number
Once you know the monthly figure, the single most effective thing you can do is automate it — a transfer that happens the day your pay lands, before the money has a chance to get spent on anything else. Savings goals that depend on remembering to transfer money manually at the end of the month have a much higher failure rate than ones set up to happen automatically.
Adjusting for irregular income
If your income varies month to month, use reverse mode with a conservative average income to find your target, then treat that as a minimum in lean months and top up further in stronger ones. Trying to save a fixed amount every single month regardless of how much came in is one of the most common reasons savings plans get abandoned on irregular income.
Common questions