0) { $GrowthRateCalc = $GrowthRate / 100; $MonthlyGrowthRate = pow((1 + $GrowthRateCalc), (1 / 12)) - 1; $MonthlyRequiredSaving = ceil($LumpSum / ($YrsTilNeeded * 12)); $NumDigits = strlen(strval($MonthlyRequiredSaving)); $Granularity = pow(10, $NumDigits - 1); while ($Granularity >= 0.01) { $FundValue[0] = 0; do { $MonthlyRequiredSaving -= $Granularity; for ($n = 1; $n <= $YrsTilNeeded * 12; $n++) { $FundValue[$n] = ($MonthlyRequiredSaving + $FundValue[$n - 1]) * (1 + $MonthlyGrowthRate); } } while ($FundValue[$YrsTilNeeded * 12] > $LumpSum); $MonthlyRequiredSaving += $Granularity; $Granularity /= 10; } } ?>

Regular Savings Calculator

Please enter a savings goal

Disclaimer:

This will depend on how your money is invested and the growth it achieves after tax and product charges. The growth rate may vary during the period of investment, but for the purposes of this calculator we have assumed a constant rate throughout.

Calculation result

To reach your target of in years time, you should save:

each month, based on growth of % per year.

This calculator is purely for illustration purposes only and does not constitute advice or guarantee amounts.

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