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.$
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Your savings plan
Months to reach goal—
Reach goal by—
Total saved—
Required monthly saving—
Total to save—
⚠️ This tool is for general guidance only and is not financial advice.
Common questions
Savings goal questions
Subtract any savings you already have from your target to find the remaining amount needed. Divide that by your monthly contribution to get the number of months. For example: $10,000 target, $2,000 current savings, $500 per month = ($10,000 − $2,000) ÷ $500 = 16 months. This calculator does it instantly.
Increase your monthly contribution, even by a small amount — it has a compounding effect on the timeline. Automate the transfer on payday before you have a chance to spend it. Also consider whether you have a lump sum you could add now to reduce the months needed.
Build a small emergency fund first (one month of expenses), then prioritise paying off high-interest debt before saving for non-essential goals. High-interest debt costs more than savings earn. Once high-interest debt is cleared, saving and investing makes financial sense.
Start with something concrete and time-bound: an emergency fund, a holiday, or a home deposit. Named goals with a specific dollar amount and target date are significantly more likely to be achieved than vague intentions to 'save more'. Use the reverse mode in this calculator to work backwards from your deadline.