Loading Tools
Loading Tools
Estimate the monthly amount needed to reach a savings target by a chosen date.
Editable sample scenario. The sample targets £12,000.00 from £2,500.00 over 24 months at 2.5% annual interest. Monthly deposits are assumed at month end; change any input to update the estimate.
To reach £12,000.00 from £2,500.00 saved today. Deposits are assumed at each month end; the entered annual rate is held constant.
The target and savings-rate assumption stay the same as the time horizon changes.
| Scenario | Months | Monthly deposit | Modeled interest |
|---|---|---|---|
| 12 months | 12 | £777.59 | £168.94 |
| 24 months | 24 | £381.39 | £346.70 |
| 36 months | 36 | £249.35 | £523.49 |
Month-end deposits and a constant effective annual rate are used in every point.
| Scenario | Balance | Deposit | Interest |
|---|---|---|---|
| Month 1 | £2,886.54 | £381.39 | £5.15 |
| Month 2 | £3,273.87 | £381.39 | £5.95 |
| Month 3 | £3,662.00 | £381.39 | £6.74 |
| Month 4 | £4,050.93 | £381.39 | £7.54 |
| Month 5 | £4,440.66 | £381.39 | £8.34 |
| Month 6 | £4,831.20 | £381.39 | £9.15 |
| Month 7 | £5,222.54 | £381.39 | £9.95 |
| Month 8 | £5,614.68 | £381.39 | £10.76 |
| Month 9 | £6,007.64 | £381.39 | £11.57 |
| Month 10 | £6,401.40 | £381.39 | £12.37 |
| Month 11 | £6,795.97 | £381.39 | £13.19 |
| Month 12 | £7,191.36 | £381.39 | £14.00 |
| Month 13 | £7,587.56 | £381.39 | £14.81 |
| Month 14 | £7,984.58 | £381.39 | £15.63 |
| Month 15 | £8,382.41 | £381.39 | £16.45 |
| Month 16 | £8,781.06 | £381.39 | £17.27 |
| Month 17 | £9,180.54 | £381.39 | £18.09 |
| Month 18 | £9,580.84 | £381.39 | £18.91 |
| Month 19 | £9,981.96 | £381.39 | £19.73 |
| Month 20 | £10,383.91 | £381.39 | £20.56 |
| Month 21 | £10,786.69 | £381.39 | £21.39 |
| Month 22 | £11,190.29 | £381.39 | £22.22 |
| Month 23 | £11,594.73 | £381.39 | £23.05 |
| Month 24 | £12,000.00 | £381.39 | £23.88 |
Separates new deposits from the projected growth on the opening balance and deposits.
| Scenario | Amount |
|---|---|
| Opening savings | £2,500.00 |
| New deposits | £9,153.30 |
| Modeled interest | £346.70 |
| Balance at target date | £12,000.00 |
Calculate an illustrative monthly contribution from a target, current balance, timeline and assumed savings rate.
This calculator has no account-saved inputs. A valid value in the address-bar link initializes that field; missing or invalid fields use the editable example. Changes update the shareable URL.
The estimate assumes end-of-month deposits and a constant effective annual savings rate. It does not model account fees or savings tax, or check whether an account is available or suitable for your circumstances.
These official sources provide general UK money guidance. They do not validate an individual result as financial advice.