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Calculate what you need to save

You can use this calculator if you want to start some regular savings.

Child playing

This might be for a deposit for a house, a car or home improvement, something special like a holiday or a rainy day emergency fund.

If you want to save more for your retirement use our retirement planner tool to see how this might affect your income in 

What you will need

You will need information to hand about:

  • your savings goal
  • how much you have saved already, if anything
  • the interest rate on your savings - if you do not have an existing savings account you can search online for the best interest rates available and use this in the calculation
  • depending on the type of calculation you do you may also need to think about how much you can save or when you need your savings by

Estimated time to complete: 5 minutes

Savings Calculator

The tool above is provided by MoneyHelper. Please refer to their website for the MoneyHelper privacy notice.

Key points

  • This calculator will help you understand how much you might need to save each month and for how long to achieve your goal

Next steps

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