Savings goal calculator
Name a number and see the month you reach it at your current savings rate — or what you would have to put aside to get there sooner.
You reach €40.000
February 2031
That is 4y 6m away. You put in €37.400 and growth adds €2.600. To arrive a year earlier you would need €779 a month.
Time to target
4y 6m
You contribute
€37.400
Growth adds
€2.600
A goal you can actually watch approach
Track the accounts holding this money and the gap closes in front of you — no re-typing, and no bank login required.
Work backwards, not forwards
Most people use a savings calculator in one direction: here is what I put aside, when do I get there. The more useful direction is the opposite — here is when I need it, what does that cost per month.
A house deposit needed in three years is a different instruction from "save what I can and see". Turning the goal into a monthly figure makes it a budgeting decision you can actually act on, and it tells you early if the date is not realistic — which is far cheaper to learn now than in year two.
Why the return should be low for short goals
The default here is deliberately modest. Money you need within about five years should not be exposed to markets, because a fall at the wrong moment cannot be waited out — and the wrong moment is precisely when the goal comes due.
For a deposit two years away, use a savings account rate and treat any growth as a bonus. For a goal fifteen years away, a market return is reasonable, and the compound interest calculator is the better tool. The dividing line is roughly whether you could postpone the goal by two years without much cost. If you could not, do not take the risk.
Inflation and the moving target
A target set in today's money quietly gets harder as prices rise. A €40,000 deposit is not €40,000 of house in five years — and property has a habit of moving faster than general inflation.
Two honest ways to handle it. Either raise the target to what you expect it to cost by then, or enter a real return — your expected return minus inflation — and keep the target in today's money. Both work; mixing them does not, which is the mistake worth avoiding.
Common questions
It compounds your starting balance monthly at the return you set, adds your monthly saving, and reports the first month the total reaches your target. If it never does within a century of saving, it says so rather than showing an absurd date.
Something low, or zero. Money needed within a few years should not be exposed to markets, because a fall at the wrong moment cannot be waited out. A savings account rate is the honest assumption for anything under about five years.
Yes — adjust the monthly saving until the date matches the one you need. Doing it in that direction is often more useful, because it tells you what the goal actually costs per month rather than when an arbitrary amount happens to get there.
Only if you want it to. Enter a real return — your expected return minus inflation — and the target stays in today’s money. For a goal a couple of years out the difference is minor; for a deposit a decade away it is not.
Any of the 31 NetWorthTrackr supports.
No. Nothing you enter is sent to us or saved.
Estimates only, not financial advice. Every figure is calculated in your browser from what you typed — nothing is sent to us and nothing is stored.All tools →