Savings goal calculator
Work out the deposit you need, the time it takes, or where you land — pick which one to solve for.
The rate is assumed fixed for the whole period and tax on interest is not deducted.
How this is worked out
FV = P(1 + i)^n + PMT × [((1 + i)^n − 1) ÷ i], rearranged for the unknownWhat this assumes
A calculator is only as good as what it leaves out. These are the assumptions built into the result above.
- The interest rate is fixed for the whole period.
- Deposits are made at the end of each period.
- Tax on interest is not deducted.
Educational information only. This page explains how something works in the United Kingdom. It is not financial advice and does not take account of your circumstances. Rates, fees and eligibility change without notice — check the provider’s own terms before you act.
For free, impartial guidance, see MoneyHelper. To complain about a firm, contact the Financial Ombudsman Service.
Guides that go with this tool
Emergency Funds: How Much and Where to Keep It
Sizing an emergency fund on essential outgoings, staging it so it is reachable, and choosing an account that keeps it accessible.