How to use it
Pick your question
“How much will I have?” if you know your monthly saving, or “Monthly saving for a goal” if you have a target.
Return and term
Enter the yearly return you expect (0 for an account with no return) and the term.
Result
Each monthly deposit grows until the end. 1,000 a month plus 5,000 today at 4% for 5 years becomes 72,403.96.
Saving tips
Pay yourself first: Move your saving on payday, before you start spending.
A clear goal: An amount and a date (a car deposit in two years) is easier to stick to.
Emergency fund first: 3 to 6 months of expenses is the usual advice before long-term investing.
Budget it: Find out what you can save with the Budget Calculator.
FAQ
How much must I save monthly to reach 100,000?
With no return over 5 years: 100,000 ÷ 60 = 1,666.67 a month. A return or current savings lowers it; choose “Monthly saving for a goal”.
Is the required deposit rounded?
We round it up to the cent so you reach the goal, never fall short.
When is the return added?
Deposits are at the end of each month and the yearly return is added monthly (rate ÷ 12).