How does this calculator work?

Enter your total holiday savings goal and a target date, then pick your savings frequency (weekly, monthly, quarterly, yearly) to see how much to set aside each time.

Can I adjust the timeframe or frequency?

Yes. Modify the target date or frequency to experiment with different saving plans that fit your budget.

Yes. The calculator is completely free and doesn't require an account.

What holiday costs should I include?

You should budget for flights, accommodation, transport, food, activities, insurance, spending money and a small buffer for emergencies or extras.

Does the calculator factor in interest on savings?

Yes. You can enter your savings account AER to see how interest earnings may reduce the amount you need to contribute yourself.

Can I allow for inflation in my holiday budget?

Yes. You can enter an inflation rate to adjust your target and reflect expected price increases before you travel.

What if I already have some savings?

Simply add your current balance in the calculator. It will deduct this from your total holiday cost to show how much more you need to save.

Can I use this calculator for family holidays?

Yes. Enter the total costs for all travellers and the calculator will give you a savings plan that covers the whole trip.

Does it matter if I save weekly instead of monthly?

Not at all. The calculator works out contributions for whichever frequency you prefer so you can match savings to your pay cycle.

OPTIMLY Calculators | How to Save for a Holiday

Holiday saving categories

Flights:

Hotel cost, per night:

Number of nights:

Transport costs:

Food and drink, each day:

Activities and excursions:

Travel insurance:

Sundries (books, suncream etc):

Spending money:

Emergency fund or buffer:

Savings inputs

Current savings balance:

Target holiday date:

Preferred savings frequency:

How much can you afford each month:

Advanced options

Inflation rate:

Savings rate, AER: