Savings Calculator
Project savings growth: initial deposit, monthly contribution, and compound interest.
Use the Savings Calculator
Enter initial deposit, monthly contribution, and rate. Future value and interest are calculated.
Inputs
Initial deposit, monthly contribution, annual rate, and years.
Results
Future value
$44,358
Total contributions
$34,000
Interest earned
$10,358
Monthly compounding. FV = initial × (1+r)^n + contribution × annuity factor.
How this calculator works
Enter initial deposit, monthly contribution, annual rate, and years. Future value and interest earned are calculated.
How to interpret your results
Future value is what you'll have at the end. Use for goal planning.
FAQs
What rate to use?▾
High-yield savings: 4–5%. Money market or CDs may offer more. Check current rates.
Compound frequency?▾
This calculator uses monthly compounding, common for savings accounts.
Tax on interest?▾
Interest is typically taxable. Results are before tax.
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