How long until you reach a savings goal
A holiday, a deposit, a new laptop. Put in what it costs and what you can save, and see when you get there, or what it takes to get there sooner.
Leave empty for none. Rates change, so this is only a guide.
Shows what you'd need to save each month
How this is worked out: each month, interest of (yearly rate ÷ 12) is added to the balance, then that month's saving goes in, until the balance reaches the goal. With no rate, it's simply what's still needed ÷ what you save each month, rounded up to a whole month.
It assumes you save the same amount every month and the rate stays the same. Taxes on interest and rising prices are not included.