Estimate how your savings may grow over time with an initial deposit, recurring monthly contributions, and compound interest. This free savings calculator shows ending balance, total deposits, total interest, and inflation-adjusted value.
Enter your savings details and click Calculate to estimate your future savings balance.
This savings calculator estimates how much your money could grow over time based on a starting deposit, recurring monthly contributions, annual interest rate, and compounding frequency.
It combines the growth of your initial deposit with the future value of recurring contributions. The results also show total deposits, total interest earned, and an inflation-adjusted ending balance in today’s dollars.
This calculator uses compound interest for your initial deposit and adds the future value of recurring monthly contributions.
Future Value of Initial Deposit:
FV = P × (1 + r / n)nt
Future Value of Monthly Contributions:
FV = PMT × [((1 + i)m - 1) / i]
Where:
Regular monthly contributions can make a major difference over time, even if the amount starts small.
A small change in interest rate can noticeably affect your ending balance, especially over longer periods.
The longer you save, the more powerful compounding becomes. Starting earlier can matter as much as saving more.
Inflation can reduce what your future balance is really worth, so inflation-adjusted results can help with realistic planning.
That depends on your goal, timeline, and interest rate. You can test different monthly contribution amounts in this calculator to see how they affect the final balance.
Use the frequency that best matches your savings account or estimate. More frequent compounding generally results in slightly more growth.
No. This version gives a general savings projection only. Taxes, account fees, and other deductions are not included.
Yes. This savings calculator works for emergency funds, vacation savings, home down payments, education goals, and other general savings plans.