Savings goal calculator (UK)

Work out the deposit you need, the time it takes, or where you land — pick which one to solve for.

Put aside monthly

£232

To reach £10,000 in 3 years at 4%.

You pay in: £8,366
Interest earned: £634
Starting balance: £1,000
Ending balance: £10,000

The rate is assumed fixed for the whole period and tax on interest is not deducted.

Estimate only. This result is produced from the figures you entered and the assumptions listed on this page. It is not financial advice, not a quotation and not an offer, and no provider is bound by it. Check current terms with the provider before acting. Nothing you type here is sent anywhere — the calculation runs entirely in your browser.

How this is worked out

FV = P(1 + i)^n + PMT × [((1 + i)^n − 1) ÷ i], rearranged for the unknown

What 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.
UK Savings Accounts: Which Type Fits Your Money
Easy access, notice, fixed-rate bonds, cash ISAs and regular savers — what each is for, and how to decide between them.
What Is AER on a Savings Account?
AER shows what a savings account returns over a year once interest compounds. It exists so accounts paying monthly and annually can be compared honestly.