Turn a goal into a monthly plan
Saving for a holiday, a deposit, a car or an emergency fund is far easier when you know the monthly number. This calculator works backward from your target and deadline to tell you how much to set aside each month, taking into account what you've already saved and any interest your savings earn.
How it works
With no interest, it simply divides the amount still needed by the number of months. With interest, it treats your monthly deposits as a series that grows over time and solves for the payment that reaches your goal — the same maths banks use for savings plans. Even a modest interest rate reduces the monthly amount you need.
Tips
- Automate the monthly transfer so it happens without thinking.
- Round up the monthly figure for a buffer.
- Revisit the plan if your goal or timeline changes.
- Higher interest means a smaller required monthly deposit.
Frequently asked questions
Is interest compounded monthly?
Yes — the annual rate is applied monthly to your growing balance.
What if I can't manage the amount?
Extend the timeline or lower the goal and recalculate.
Is my data private?
Yes — everything is calculated in your browser.