UK · Free calculator
Savings goal calculator
Work out how long it takes to reach a savings target with regular deposits.
Your figures
Rates updated 2026-04-06. Results update as you type.
- Months to goal
- 34
- Years
- 2.83
- You will contribute
- £8,500.00
- Interest earned
- £526.17
How this calculator works
Each month interest is applied, then the contribution is added.
Emergency fund of £10,000
£1,000 saved, adding £250 a month at 3.5%.
Assumptions & sources
- Monthly compounding.
- No withdrawals or rate changes.
- Reducing-time savings projection
Frequently asked questions
If contributions and interest never catch the target within 100 years, the calculator marks it unreachable.
Estimates only
Handy Money Tools provides illustrative figures, not personalised financial or tax advice. Verify
important decisions with official sources or a qualified adviser.
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