Question 1

How do I know how much I have been saving per month?

Accepted Answer

If you know your current balance, the year you started, and your starting amount, this calculator works backwards to estimate your average monthly saving rate. It assumes a consistent contribution and accounts for any interest earned over the period.

Question 2

Why does my implied monthly saving seem higher than what I remember saving?

Accepted Answer

Your savings may have grown partly from interest or investment returns, not just deposits. If your account earned interest, the calculator attributes some growth to contributions, making the implied rate appear higher. Enter a realistic interest rate to get a more accurate picture.

Question 3

What is the difference between this and a savings goal calculator?

Accepted Answer

A savings goal calculator tells you how long it takes to reach a future target from a starting point. This reverse calculator works backwards from your current balance to show what you must have been saving on average. They answer opposite questions.

Question 4

Can I use this calculator to plan my retirement savings in Luxembourg?

Accepted Answer

Yes. If you know your current pension pot and when you started contributing, this calculator estimates your average monthly contribution rate. You can then compare it to what you would need to reach a target retirement pot using the Savings Goal calculator.

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