Money Worked Out

Savings goal calculator

Enter your target, savings and deadline. See a deposit plan starting today, with no interest included.

Amount to save each month

£76.93

First deposit today. No interest included.

The total you want to have saved. Enter £1 to £1,000,000; amounts round to pennies.

Money already set aside for this target. Enter zero to £1,000,000; amounts round to pennies.

Choose today or a later date, up to 20 years ahead.This calendar supports start dates in 2000 to 2099. This is a product limit.

Today in London3 October 2026
Your deadline3 October 2027
Still to save£1,000.00
First deposit today£76.93
Regular monthly deposit£76.93
Number of deposits13
Available deposit dates13
Final deposit£76.84
Last deposit date3 October 2027
Savings after the plan£1,000.00

Interest is not included. The plan also leaves out withdrawals, inflation and tax.

How the plan is worked out
  1. The target of £1,000.00 less £0.00 already saved leaves £1,000.00 to add.
  2. The available dates run from 3 October 2026 to 3 October 2027, including a deposit today.
  3. Divide the gap across 13 available dates, rounding up to pennies. The regular amount is £76.93.
  4. The plan makes 13 deposits. The final deposit is £76.84 on 3 October 2027.
Your deposit schedule
Deposit dateDepositTotal saved
3 October 2026£76.93£76.93
3 November 2026£76.93£153.86
3 December 2026£76.93£230.79
3 January 2027£76.93£307.72
3 February 2027£76.93£384.65
3 March 2027£76.93£461.58
3 April 2027£76.93£538.51
3 May 2027£76.93£615.44
3 June 2027£76.93£692.37
3 July 2027£76.93£769.30
3 August 2027£76.93£846.23
3 September 2027£76.93£923.16
3 October 2027£76.84£1,000.00

How the plan works

If you still need to save, the plan starts with a deposit today. It then uses the same original day each month, moving to month end when needed. Only dates on or before your deadline count. If the deadline is today or tomorrow, the plan needs the remaining amount today.

The monthly amount rounds up to pennies so the deposits cover the gap. The final deposit can be smaller. Small gaps can be covered before the deadline. Interest, withdrawals, inflation and tax are excluded.

A worked example

A target of £1,000.00, with £0.00 saved, leaves £1,000.00. From 3 October 2026 to 3 October 2027, the plan uses 13 deposits: 12 of £76.93 and a final £76.84.

Check the amount against your budget

MoneyHelper's savings-goal guide explains balancing your target, time and spare money. Try a different target or deadline to compare the amount needed.

For salary income, use take-home pay. The savings challenge offers a different deposit pattern. Compound interest includes an interest assumption. Inflation shows changing buying power. For fixed-rate debt repayments, see the loan repayment calculator.

Questions

When does the plan start?

If you still need to save, the first deposit is today, using the date in London. Later deposits fall on the same original day each month. If that day is missing, the deposit falls on the month's last day. Dates on your deadline count.

Does the plan include interest?

No interest is included. The plan also leaves out withdrawals, inflation and tax. It shows how much your deposits need to add to the money already saved.

What if I have enough saved already?

If your saved amount meets or exceeds the target, the plan needs no deposits. It shows the money already saved without reducing it to the target.