Your Income & Expenses
Your Goals (up to 4)
Goal 1
Goal 2
Goal 3
Goal 4
How to Use This Calculator
Enter up to 4 financial goals with their target amount, deadline (in months) and any existing savings. The calculator works out the monthly amount needed to reach each goal, sorted by urgency (nearest deadline first). It then checks whether your income minus expenses gives you enough surplus to fund all goals simultaneously.
The interest/return rate uses a monthly compounding formula (AER / 12) to account for growth on your existing savings.
Frequently Asked Questions
How do I plan multiple financial goals in the UK?
The key is to list all goals with their target amount and deadline, then calculate the monthly savings needed for each. Prioritise by: (1) emergency fund first (3–6 months expenses), (2) employer-matched pension contributions (free money), (3) high-interest debt repayment, (4) other goals by deadline urgency. Use separate accounts or ISA pots for each goal to avoid mixing funds. This calculator does the maths for up to 4 goals simultaneously.
What financial goals should I have in my 30s in the UK?
Key financial goals for your 30s include: emergency fund (£10,000–£20,000 or 3–6 months expenses), house deposit if renting (typically £20,000–£50,000), pension (aim for 15% of salary including employer contributions), children's savings if applicable (Junior ISA £9,000/year limit), life insurance (critical if you have dependants), and paying off high-interest debts. The 50/30/20 rule — 50% needs, 30% wants, 20% savings — is a useful starting framework.
How do I save for a house deposit and retirement at the same time?
Both are possible with a structured plan. Use a Lifetime ISA (LISA) for your house deposit if under 40 — you get a 25% government bonus (up to £1,000/year) and can withdraw for a first home purchase. Simultaneously contribute to your workplace pension for employer matching. Split savings: e.g., 10% of income to LISA/savings for deposit, 8% to pension. Once you own your home, redirect deposit savings to pension and other investment goals.
What is a realistic savings goal in the UK in 2026?
A realistic savings rate for most UK households is 10–20% of net income. With median UK take-home pay around £2,200/month, saving £220–£440/month is achievable for many. Specific targets: emergency fund: 3–6 months of expenses (£5,000–£15,000 for most); house deposit: £20,000–£50,000 (5–10% of property price); retirement: 15% of gross salary from age 25. Adjust based on your income, expenses and timeline.
How do I prioritise financial goals in the UK?
Follow this hierarchy: (1) Essential protection — life/income insurance, emergency fund (1 month minimum). (2) Free money — employer pension match. (3) High-cost debt — credit cards, personal loans above 10% APR. (4) Medium-term goals — house deposit, car, holiday using ISAs. (5) Long-term — retirement (pension + ISA), children's education. Within the same priority tier, sort by time urgency (nearest deadline first), as this calculator shows in its priority ranking.