Savings Goal Calculator
Updated: 2025 | Free savings planning tool
Work out how long it takes to reach a savings target, or the monthly amount you need to put aside.
How to Reach Your Savings Goal Faster
Reaching a savings goal is about balancing how much you save each month with the interest your pot earns over time. Even a small interest rate makes a meaningful difference over several years through compound growth.
Best UK Savings Rates 2025
The best easy-access savings rates in 2025 are around 4-5% AER from challenger banks and cash ISAs. Fixed-rate bonds can offer 5-5.5% for 1-2 year terms. Using a Cash ISA means your interest is completely tax-free within the £20,000 annual ISA allowance.
The Rule of 72
Divide 72 by your annual interest rate to estimate how many years it takes to double your savings. At 4%, your money doubles in approximately 18 years. At 6%, it doubles in 12 years. Maximising your interest rate is just as important as maximising contributions.