How long does it take to save up X?
SEK 10 000 for a new phone. SEK 80 000 for a down payment. SEK 500 000 for financial security. Whatever the goal, the calculator shows you exactly how long the road is and what returns do to your timeline.
Calculate your timeline
Enter your goal in kronor and how much you can save each month. Adjust the return to see what investing does.
Why returns make such a big difference
The difference between 0% and 7% returns looks small at first. But the longer the time horizon, the bigger the gap. SEK 500 per month takes 25 years to become SEK 150 000 without returns. With 7% it takes 13 years. That’s 12 years you can do something else with.
It also matters when you start. The money you put in today has longer to grow than the money you put in five years from now.
3 ways to reach your goal faster
- 1
Automate your saving
Set up a direct debit the same day your salary arrives. What you don’t see, you don’t spend.
- 2
Invest in an ISK
Put your savings in an ISK in a global fund instead of a savings account. The difference in returns over time is large.
- 3
Increase your monthly amount by 10% each year
When your salary goes up, increase your savings too. Most people barely notice the difference in daily life but reach the goal much faster.
Tools to reach your goal
Open an ISK and get started
These platforms are free to use and suitable for monthly saving. Links are affiliate links.
Nordnet
ISK with no fees and simple monthly fund saving. Popular with first-time savers.
Open ISKThese links are affiliate links. We earn a small commission if you use the service, at no extra cost to you. Read our policy.
Next step
Understand compound interest
Want to understand exactly how returns are calculated? Our guide on compound interest explains it with concrete examples.
Read the compound interest guide