Savings Goal Calculator: How Much to Save Each Month to Hit Your Target
Work out how much to put aside each month, week or day to reach a savings target by a set date.
Rates checked 10 Nov 2026 against official sources (listed below).
Save each month
KES 8,333
Or each week
KES 1,923
Or each day
KES 274
Interest earned
KES 0
| If you give yourself | Save each month |
|---|---|
| 6 months | KES 16,667 |
| 18 months | KES 5,556 |
| 24 months | KES 4,167 |
| 36 months | KES 2,778 |
Interest is added monthly at the rate you enter, which should be after tax. Savings apps and money market funds change their rates often, so treat interest as a bonus, not part of the plan.
The full explanation, with worked examples and what to watch for: 5 Best Savings Apps in Kenya: Interest Rates Compared
About this calculator
It works in any currency, and you can add the interest your savings account or money market fund pays.
How it's worked out
Enter your goal, what you've already saved and how many months you have. The calculator grows what you've saved at the rate you enter, works out the gap that's left, and spreads it into equal monthly deposits that also earn interest as they go in. With the rate at 0, it's simply the gap divided by the months.
It also shows the same amount as a weekly or daily figure, which is easier to stick to if you're paid daily or weekly, and what you'd need with a shorter or longer deadline.
What rate to use. Use the rate after tax. In Kenya, interest on savings accounts and money market funds has 15% withholding tax taken off before it's paid, and that tax is final (KRA). Money market fund returns follow Treasury bill rates and change most weeks. The Capital Markets Authority publishes the industry's figures each quarter (CMA, Q2 2026), and you can compare individual funds in our money market fund calculator.
Where to keep the money. Somewhere you can't spend it on impulse. A locked savings account or a money market fund earns more than M-Pesa or a current account. See the savings apps worth using in Kenya. If the target is land, see how to save for land on a low salary.
Frequently asked questions
How much should I save each month to reach 100,000?
Over 12 months with nothing saved yet, KSh 8,334 a month with no interest. At 10% a year after tax, it drops to about KSh 7,960, because your deposits earn as they go in.
Is it better to save daily, weekly or monthly?
The total is the same, so pick whichever matches how you're paid. Saving a small amount daily or weekly is easier if your income comes in daily, like a boda boda rider's or a market trader's.
Should I include interest in my savings plan?
Only if your money is in an account that pays it. Leave the rate at 0 to be safe, then treat any interest you earn as a buffer.
What if I can't afford the monthly amount?
Push the deadline out or lower the target. The table shows what each extra six months does to the monthly figure.
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