Savings Goal Calculator: How Much to Save Each Month
THE DRYDEN / MONEY TOOLS SPEND SMARTER
SAVINGS GOAL CALCULATOR
Your goal.
A monthly plan.
Find how much to save each month to reach your goal by a date, or how long it will take at what you can afford.
Want to see it grow? See how compound interest builds over the years.
Compound interest calculatorBEHIND YOUR NUMBER
A little understanding
goes a long way.
How is it worked out?
We find the monthly amount that, with interest added each month, grows from what you have now to your goal.
PMT = (Goal − Now × (1+r)^n) × r ÷ ((1+r)^n − 1)
What goals work best?
Short goals (under 5 years), like a holiday, car or house deposit, suit easy-access or fixed savings. Longer goals may suit investing, which carries more risk.
Is this financial advice?
No. These are estimates to help you plan and compare options. Rates, fees and tax rules change, so check the details with your provider or an independent financial adviser before making decisions.
YOUR MONEY. A CLEARER PLAN.Calculations happen on your device.