Set a savings goal and see exactly how much to save each month — or enter your monthly savings to find when you'll reach your goal, with interest working for you.
Enter your target, current savings and expected interest — the calculator shows the exact monthly amount for a 5-year plan, or switch to time mode for any horizon.
Yes. At 5% annual interest, saving for 5 years earns you free money on top of deposits — the calculator shows exactly how much interest contributes.
Financial advisors suggest saving 20% of income. Start with an emergency fund (3–6 months of expenses), then save for specific goals.
For goals under 3 years, keep savings safe (bank). For 5+ year goals, investing usually grows money faster — but carries risk.
Three to six months of essential expenses — rent, food, transport, bills — kept in an instantly accessible savings account. Three months suits stable salaried jobs; six months is safer for freelancers or single-income households. Build this before any other savings goal.
A budgeting guideline: about 50% of income for needs, 30% for wants, and 20% for savings and debt repayment. It is a starting point, not a law — in expensive cities the needs share runs higher, so treat the 20% savings floor as the part that matters most.
For goals more than about 3 years away, yes. At 3% annual inflation, a SAR 50,000 goal set today needs roughly SAR 54,600 of purchasing power in 3 years. Pad long-term targets by 2–3% per year so the goal still buys what you planned.
Hitting a savings target is a backwards calculation: start with the goal and the deadline, then solve for the monthly deposit that gets you there. The math is the future value of an annuity rearranged — the same formula banks use for recurring deposits — and it reveals exactly how much interest helps you along the way.
PMT = FV × r ÷ ((1 + r)n − 1), where PMT = required monthly deposit; FV = your target amount; r = monthly interest rate (annual rate ÷ 12); n = number of months. Without interest, it collapses to the obvious FV ÷ n — the formula simply shows how much less you need once interest contributes.
r = 0.04 ÷ 12 = 0.003333, n = 36. (1.003333)36 ≈ 1.1273. PMT = 50,000 × 0.003333 ÷ (1.1273 − 1) = 166.65 ÷ 0.1273 ≈ SAR 1,309 per month. Without any interest you would need 50,000 ÷ 36 = SAR 1,389 — so even a modest 4% return saves you about SAR 80 a month, or SAR 2,880 over the three years. Stretch the same goal over 5 years and the monthly figure drops to roughly SAR 755: time is the biggest lever you have.
Automate the transfer on payday — “pay yourself first” beats willpower every time. Build a 3–6 month emergency fund before chasing longer goals, and keep it in an instantly accessible account, not locked investments. One honest limit: the formula assumes a constant rate, but real savings-account rates move; re-run the numbers yearly, and for goals more than 3 years out, pad the target by ~2–3% a year for inflation so the goal still buys what you intended.
The monthly-deposit math works for any target, which makes it the engine of sinking funds — mini savings goals inside your monthly budget for predictable-but-irregular expenses: car insurance due in 8 months, Eid travel, an annual subscription, appliance replacement. Divide each upcoming bill by the months remaining and treat the result as a fixed monthly “bill” to yourself. Five sinking funds of SAR 200–400 each feel painless month to month, but they convert next year's SAR 15,000 of “surprise” expenses into money already sitting in the account. Pair one emergency fund (for true surprises) with sinking funds (for predictable ones) and almost nothing can ambush your budget again.
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