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"Saving for a goal" calculator

How long will it take you to save £1,000,000?!

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"Saving for a goal" calculatorHow long will it take me to save for something?

Goal Savings Details
How much do you you want to save? £
Over how many years? years
What is the interest rate? % Net PA

Want to know how long it'll take you to save for something special? It's not all that easy to work it out when you take compound interest into account. This calculator will help you work it out!

The calculator doesn't currently take tax into consideration. For best results on what your post-tax earnings will be, enter your Net interest rate. If you're a higher rate tax payer, then you may have additional tax to pay on savings.

As tax on savings is currently charged at 20%, your net interest rate can be calculated from your gross interest rate as net = gross * 0.80. - For example, if you know your gross interest rate is 5%, your net rate will be 4%

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