UK savings planning
Savings Forecast
Use Affordit’s Savings Forecast to estimate how your savings could grow over time. Add your starting savings, monthly contribution, annual interest rate and timeframe to see your projected balance, contributions and estimated interest.
Forecast my savingsYour assumptions
Add your savings plan
Leave any amount blank if it does not apply. Figures update as you type.
Forecast
Your projected savings
Add a timeframe to see your forecast.
Your starting savings and monthly contributions can stay at £0 if you are beginning from scratch.
How the forecast works
How it works
A clearer view of savings growth
Start with your numbers
Enter what you have saved, what you can add each month and how long you plan to save.
Apply compound interest
The forecast grows your balance using the rate and monthly or annual interest frequency you choose.
Compare with your target
Add an optional goal to estimate your progress, time to target and the contribution the goal may require.
Planning estimate only
This forecast is a planning estimate only. It does not guarantee savings returns or future balances. Actual growth depends on your provider, rate changes, tax status, withdrawals and account terms. Affordit does not provide financial advice or recommend savings products.
Common questions
Savings Forecast FAQs
What does the Savings Forecast show?
It estimates your future savings balance from your starting savings, regular monthly contributions, annual interest rate and timeframe. It also separates the money you contribute from the estimated interest earned, so you can see what drives the projected balance.
How does Affordit calculate savings growth?
The forecast applies compound interest using the frequency you select. In monthly mode, interest and contributions are calculated month by month. In annual mode, interest is applied once per year. A 0% rate is handled as contributions only.
Can I use the forecast for a house deposit or other savings goal?
Yes. You can add an optional target for a house deposit, wedding, holiday, moving costs, car deposit, renovation or emergency fund. The forecast then estimates your progress, the time needed and, where possible, the monthly contribution required.
Does the Savings Forecast guarantee how much I will have?
No. It is a planning estimate, not a guarantee or financial advice. Actual savings growth can differ because rates, provider terms, tax treatment, withdrawals and your contributions may change.
What interest rate should I enter?
Use the annual interest rate that applies to your savings account or a cautious rate you want to test. Affordit does not recommend a rate or savings product. Comparing more than one reasonable assumption can help you understand the range of possible outcomes.
Editorial and review information
Written by the Affordit Editorial Team
Affordit guidance and product content
Use the forecast with a real goal
Compare your projected savings with the practical costs and monthly pressure around a purchase or life change.