Savings goal calculator
Type your goal and what you have so far, then a date or what you can save each month. It works out the other.
Estimate · guidance, not advice
- Deposits go in at the end of each month. The rate stays the same throughout.
Keep every goal in one place
Calm Money: Sinking Funds gives each goal its own pot and one total to set aside each time you're paid.
Calm Money: Sinking Funds App · £11.99 on Etsy
Saving by a date
It counts the whole months from today to your date and works out the same amount for each month, with interest added monthly at the yearly rate you type.
Saving a set amount
Type what you can put aside each month to see when you reach the goal. Fill in both to compare.
The interest rate
Use the AER on the savings account. Leave it empty to leave interest out. Easy-access rates change, so treat the answer as a guide.
Questions
Should I count interest?
If the money sits in a savings account that pays it, yes. A rate of 0 shows the plain sum.
Updated