Set your target, enter your deadline and current savings, and we'll tell you exactly how much to put away each month.
Enter your target amount, how much you've already saved, your expected interest rate, and the number of months you have to reach your goal. The calculator uses compound interest to work backwards — accounting for the growth of your existing savings and every monthly contribution — to find the minimum you need to save each month.
The interest rate can be the AER (Annual Equivalent Rate) on a savings account or cash ISA. Most easy-access accounts in the UK currently offer between 3% and 5% AER.