Track savings goals across EUR, GBP, CHF, and other currencies. See your real progress toward financial targets when your savings span multiple accounts and currencies.
In Wealthos, these values come automatically from your added accounts, tracked income, expenses, and goals.
Wealth in 10 years
30k
Total saved
13k
Earned interest
+9k
When your savings are spread across a EUR account in Germany, a GBP account in the UK, and a CHF account in Switzerland, knowing your total savings requires daily currency conversion. A spreadsheet becomes outdated the moment you close it. A multi-currency savings tracker pulls live balances and converts everything to your target currency automatically, giving you an accurate, up-to-date picture of your progress toward any goal.
Always set your savings goal in the currency you'll spend it in. Saving for a holiday in Japan? Set the goal in JPY. Planning a house deposit in Spain? Track in EUR. This way, your progress bar reflects reality — you'll see whether exchange rate movements are helping or hurting your timeline, and you can adjust your savings rate accordingly.
Interest rates vary across countries and currencies. A EUR savings account might offer 2.5% while a GBP account offers 4.5%. If you don't need the money in a specific currency, parking savings in higher-yielding currency accounts can accelerate your progress — but this introduces currency risk. Balance the yield advantage against potential exchange rate losses, and never chase yield with money you'll need at a specific date in a specific currency.
This calculator works backward from your goal. Given a target amount, your current savings, and the interest rate on your savings, it projects when you'll reach your target based on your monthly savings (income minus expenses). The timeline adjusts in real time as you change any input.
Saving for a $50,000 goal with $5,000 already saved, contributing $1,500/month at 4% interest: you'd reach your goal in about 28 months. Without the 4% interest, it would take 30 months — the interest saves you roughly 2 months and $3,000 in contributions.
Set your target slightly above your actual goal (5-10% buffer) to account for unexpected costs or price increases.
If the required monthly amount feels too high, try extending your timeline — even a few extra months can significantly reduce the monthly contribution needed.
For goals under 2 years, use your high-yield savings account rate (3-5%). For goals 5+ years away, consider investing and using a higher return rate.
Break a large goal into milestones. Seeing yourself reach 25%, 50%, and 75% keeps motivation high.