Finance
Savings Calculator
Work out how long a savings goal takes, and how much you need to put aside each month to hit it.
Result
Interest is credited monthly at the annual rate divided by twelve, and deposits are made at the end of each month. Tax on interest is not deducted.
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About this calculator
How big should a business emergency fund be?
A common rule is three to six months of fixed costs. Run your fixed costs through the break-even calculator first, then use that figure as the goal here.
Does the interest rate matter much for short goals?
Very little. Over one to two years the deposit amount does almost all the work; the rate only becomes significant over longer horizons.
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