When will you hit your savings goal?
Enter your goal and what you put aside each week, fortnight, or month. We'll land your answer on a real date you can plan around, not a vague number of years. Free to use, with no sign-up.
How long will it take to reach your savings goal?
Say you're putting away $300 a fortnight towards a $20,000 goal, with $2,000 already saved. That leaves 60 fortnightly deposits to go. The first lands today and the rest follow every 14 days, so the 60th falls 826 days out, about 2 years and 3 months from now.
It adds any interest as it goes. Change any number and the date moves as you type.
How much do I need to save each week, fortnight, or month?
Switch to "How much to save?" and the calculator runs the other way. Tell it the goal, what you've already put aside, and the date you want to hit, and it works out what each deposit has to cover.
Say you want $10,000 in 18 months and you've got $1,500 saved. That leaves $8,500 to find, which is roughly $470 a month, $218 a fortnight, or $109 a week. The calculator counts the real deposit dates between now and your target, so its figure can land a dollar or 2 either side. If it comes back higher than you can manage, push the date out and watch it drop.
Turn the plan into a habit
A date is a great start. Sticking to it is the hard part. The Budgeting App helps you get there one deposit at a time: set the goal, track every contribution, and watch the gap close. It's free on iOS and Android, with no ads.