← Savings Calculator
How Do I Save £10,000?
To reach £10,000 in 10 years at 5% interest, you'd need to save approximately £65 per month. Adjust the calculator to find your perfect savings plan.
Your Savings Plan
Enter your savings details to see how your money grows
£
£
Your Savings Growth
See how your savings will grow over time
£10,093
Total after 10 years
Total Contributions
£7,800
Interest Earned
£2,293
Interest Bonus
You'll earn £2,293 in interest, which is 29.4% on top of your contributions.
Initial deposit£0
Monthly contributions (10 years)£7,800
Total interest earned£2,293
Effective annual rate (APY)5.12%
Final balance£10,093
Monthly Breakdown
Monthly contribution
£65
Avg. monthly interest
+£19
Path to £10,000
£7,800
Your Contributions
+£2,293
Interest Earned
£10,093
Total Balance
Year-by-Year Growth
| Year | Start Balance | Contributions | Interest | End Balance |
|---|---|---|---|---|
| 1 | £0 | £780 | +£18 | £798 |
| 2 | £798 | £780 | +£59 | £1,637 |
| 3 | £1,637 | £780 | +£102 | £2,519 |
| 4 | £2,519 | £780 | +£147 | £3,446 |
| 5 | £3,446 | £780 | +£194 | £4,420 |
| 6 | £4,420 | £780 | +£244 | £5,445 |
| 7 | £5,445 | £780 | +£297 | £6,521 |
| 8 | £6,521 | £780 | +£352 | £7,653 |
| 9 | £7,653 | £780 | +£410 | £8,843 |
| 10 | £8,843 | £780 | +£471 | £10,093 |