Savings Goal Calculator
How long until you hit your goal? Enter your target and how much you can put aside each month.
Balance over time
How does the savings goal calculator work?
We compound your monthly contributions at the interest rate you enter, month by month, until the balance reaches your goal. If you set the rate to 0%, you'll see a straight linear savings plan — the classic "target ÷ monthly = months" math.
How much should I save each month for a specific goal?
Divide the amount you still need by the number of months until you need it, then round up — the calculator does this instantly, including any money you have already banked. For a €3,000 holiday in 12 months that is €250 a month.
What monthly amount is realistic?
A useful starting point: 10–20% of your take-home pay for savings. If that number feels tight, try the 50/30/20 budget calculator — it shows you exactly how much of each paycheck should go to savings.
Should I include interest in the calculation?
For goals under a year (holiday, new laptop) use 0–2% — you shouldn't keep short-term money in the market. For 3+ year goals, a high-yield savings account (4–5%) or diversified index fund (long-term 6–8%) makes the math dramatically better.
What if I fall behind on my goal?
Re-run the calculator with today's balance and the same deadline. It recalculates the monthly amount needed to catch up, so you can decide between saving more or moving the deadline — instead of quietly giving up on the goal.
What am I saving for?
- Emergency fund: 3–6 months of expenses in a high-yield savings account.
- House down payment: typically 5–20% of the home price. Use a 3–5 year timeline.
- Car: aim for a full cash purchase to avoid car loans; usually 12–24 months.
- Wedding: average is 12–18 months of aggressive saving.
Is the savings goal calculator free?
Yes — it is free and needs no signup. Pro adds unlimited tracked goals with progress charts and an AI auto-plan that picks your monthly amount and milestones for you.