How much should I save each month?

Take what you still need after what you have already saved and divide it by the months left. Interest lowers the monthly amount, and more so for longer goals.

Should I allow for rising prices?

Yes. Prices rise over time, so a goal priced today may cost more when you get there. Raise the target to allow for it.

Savings goal calculator

Enter what you are saving for, when you need it and anything already put away. Add the interest your savings account, fund or T-bills pay to see how much it helps.

Saving for

GH₵

Time to save

Already saved

GH₵

Interest a year

What your savings account, fund or T-bills pay. Leave at 0 for none.

Put away each month

GH₵833.33

for 24 months

You pay in: GH₵20,000.00
Interest earned: GH₵0.00
You end with: GH₵20,000.00

An estimate for planning, not financial advice.

How it works

The monthly amount assumes you save the same sum at the end of each month, and that interest is added monthly at the yearly rate you enter.

Rates on savings accounts, funds and treasury bills change. Use a rate you can count on for the whole time, or leave it at zero to see the plain monthly amount.

Questions people ask

How much should I save each month?: Take what you still need after what you have already saved and divide it by the months left. Interest lowers the monthly amount, and more so for longer goals.
Should I allow for rising prices?: Yes. Prices rise over time, so a goal priced today may cost more when you get there. Raise the target to allow for it.