Calculate how much you need to save each month to reach your savings or retirement goal based on what you already have, the time frame and the expected return.
For information only. Not financial advice. Always check your broker's conditions before trading.
How it works
Calculate how much you need to save each month to reach a target amount, for example for retirement, a home deposit or an emergency fund, taking into account what you have already saved and an expected annual return.
The calculation compounds the return monthly and assumes you contribute at the end of each month.
It depends on where you invest. Historically, global equities have outperformed bonds over the long term, but with more volatility. Use conservative figures.
Does it take inflation into account?
No. To work in today's money, subtract expected inflation from the return.
Economic calendar: Live economic calendar: jobs data (NFP), inflation (CPI), GDP and central bank rate decisions, with impact, forecast and actual figures.
Currency heat map: Heat map of the 28 major currency pairs, gold, oil, the Nasdaq and crypto: 24-hour change with live prices.
Currency strength: Strength meter for the 8 major currencies (USD, EUR, GBP, JPY, CHF, AUD, CAD, NZD) calculated from the 28 pairs over the last 24 hours.
Currency correlation: Correlation matrix of the major currency pairs, gold and bitcoin over 1, 7 and 30 days, calculated from hourly returns.
Market volatility: Volatility of currency pairs, gold, oil, the Nasdaq and crypto: average hourly range and range over the last 24 hours.
Market hours: Which forex market sessions are open right now, in your local time: Sydney, Tokyo, London and New York, with overlaps and countdown.
Forex lot size calculator (position size): Work out how many lots to trade based on your balance, risk per trade and stop loss distance. Forex, gold and silver, in your account currency.
Pip value calculator: Find out how much one pip is worth in your account currency for any currency pair, gold or silver, based on position size.
Margin calculator: Calculate the margin required to open a trade based on position size, pair and your account leverage.
Profit calculator: Calculate the profit or loss of a trade in pips and in your account currency from the entry price, exit price and position size.
Compound interest calculator: See how capital grows with compound interest and periodic contributions, with a period-by-period table.
Drawdown calculator: Calculate the gain needed to recover from a drawdown and the drawdown caused by a losing streak at your risk level.
Pivot point calculator: Calculate pivot points, support and resistance from the high, low and close: Classic, Fibonacci, Camarilla and Woodie.
Fibonacci calculator: Calculate Fibonacci retracement levels (23.6%, 38.2%, 50%, 61.8%, 78.6%) and extensions for a bullish or bearish move.
Pip calculator: Calculate how many pips there are between two prices on any currency pair, gold or silver, and how much money that represents for your position size.
Stop loss and take profit calculator: Calculate stop loss and take profit prices for a buy or sell from your % risk or from pips, with the reward/risk ratio you choose.
Leverage calculator: Calculate your position's effective leverage, used margin, margin level and the approximate price at which stop out would be triggered.
Swap calculator: Calculate how much swap you earn or pay for holding a trade open over several nights, including the triple Wednesday swap, in your account currency.
Spread and commission calculator: Calculate the real cost of each trade from spread and commission per lot, in money and in pips, and how much you pay per month based on your number of trades.
Currency converter: Convert between the eight major currencies at the live market exchange rate, or at your own rate when the market is closed.
Risk/reward calculator: Calculate a trade's risk/reward ratio from the entry price, stop loss and target, and the minimum win rate needed to break even.
Break-even win rate: Calculate the percentage of winning trades you need to avoid losing money based on your risk/reward ratio, with a table of the most common ratios.
Expectancy calculator: Calculate how much your system makes or loses per trade on average, and its profit factor, from your win rate, average win and average loss.
Risk of ruin calculator: Calculate the probability of your account losing a given percentage based on your win rate, risk/reward ratio and risk per trade, using a Monte Carlo simulation.
Kelly criterion calculator: Calculate the percentage of capital that maximises growth according to the Kelly criterion, plus the more conservative half-Kelly and quarter-Kelly versions.
Trading compound interest simulator: Simulate how a trading account would grow with a daily or monthly percentage, reinvesting profits and with periodic withdrawals. Illustrative tool.
Average price calculator: Calculate the average price of several purchases of a stock, a cryptocurrency or any asset, the total cost and the profit or loss at the current price.
Crypto profit calculator: Calculate the profit or loss on buying and selling bitcoin or any cryptocurrency, including exchange fees and the break-even price.
Stock profit calculator: Calculate the profit on a stock investment including buy and sell commissions, dividends received and withholding tax.
Mortgage calculator: Calculate the monthly payment on your fixed or variable-rate mortgage (Euribor + margin), the total interest and the year-by-year amortisation.
Inflation calculator: Calculate how much purchasing power your money loses at the inflation rate you choose, and how much what you buy today will cost in the future.