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Money & business · Free online tool
Savings goal calculator
Work out the regular amount needed to reach a target by a chosen date.
3 guest runs per rolling 24 hours10 with a free accountPrivate inputsMobile-friendly
Savings goal calculator workspace
Runs locally in your browser
Result
Gap remaining—
Required monthly—
Required weekly equivalent—
Months at planned rate—
Estimated goal date—
Balance at target time—
Contributions—
Growth—
Target window—
Use it with confidence
How to use the savings goal calculator.
Calculate and review
Use the main action when needed. The remaining goal is divided across the available weekly or monthly periods, with optional growth applied when selected.
Try a worked example
A £2,400 gap over 12 months needs £200 per month before interest.
Check the assumptions
Keep an emergency buffer and allow for changing rates, missed contributions and fees.
A clearer answer
How much should I save each week or month?
Use the deadline result to see the contribution required to finish on time, then compare it with the estimated date produced by the amount you actually plan to save. The difference tells you whether to change the contribution, target or timeframe.
See the useful decision, not only one number.
This planner shows the remaining gap, required monthly and weekly amounts, the date reached at your current pace, projected contributions and estimated growth in one result. The values stay on your device.
Worked example: £10,000 in two years
Starting with £1,500, assuming 3% annual growth and targeting £10,000 in 24 months requires about £340.34 per month—approximately £78.54 per week. Saving £250 per month instead projects about £7,768.34 after two years and reaches the target after roughly 33 months under the same assumption.
Method: Required contribution = (target − current savings after projected growth) ÷ the monthly contribution growth factor.
Common mistakes to avoid.
- Treating an assumed rate as guaranteed
- Ignoring fees, inflation, tax treatment or withdrawal restrictions
- Choosing a contribution before checking the household budget
- Leaving no room for missed months or an emergency buffer
Use the result with the right assumptions.
For UK savings decisions, compare access, rate, risk and tax treatment rather than choosing an account from the headline rate alone. MoneyHelper guidance is linked below; this planner is not financial advice.
Checked sources
Official guidance behind this tool.
How to set a savings goal
MoneyHelper explains that the goal amount, spare cash and deadline determine a workable regular contribution and recommends reviewing where savings are held.
Reference checked 28 July 2026. The source takes priority if guidance changes.
Helpful answers
Savings goal calculator FAQs.
Is the savings goal calculator free?
Yes. Guests receive 3 runs per rolling 24 hours, verified free accounts receive 10, and Premium subscribers receive unlimited normal use.
Does UtilHub upload or save my inputs?
No. This tool runs in your browser and UtilHub does not receive or store the values you enter. Your browser or device may still retain normal local history or form data.
How does this savings goal calculator work?
The remaining goal is divided across the available weekly or monthly periods, with optional growth applied when selected.
What should I check before using the result?
Keep an emergency buffer and allow for changing rates, missed contributions and fees.
How do I work out a weekly savings target?
The planner converts the required monthly contribution into a weekly equivalent by multiplying by 12 and dividing by 52. Actual payment schedules vary, so use the frequency your account and budget support.
Why is my planned goal date later than my target?
The amount you plan to contribute is lower than the calculated amount needed for the selected deadline under the entered growth assumption. Increase the contribution, extend the timeframe or lower the target to compare alternatives.