The Finance MonkThe Finance Monk

Saving

Savings goal calculator

Saving for a house deposit, a wedding, or a trip? Work out the monthly amount to hit your target by a deadline — or flip it to see how long a set monthly amount will take.

Save each month

$465

To reach $20,000 in 3 years

Goal

$20,000

$2,000 saved so far

Earn while you save

Keep goal money in a high-yield savings account. The same monthly habit reaches the target faster when it's earning 4%+ instead of next to nothing.

Rates change and interest compounds monthly here for illustration. Not financial advice.