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Savings Calculator

Estimate future savings from an initial balance, monthly contribution, interest rate and time.

Enter your values

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Free tool

Amount already saved.

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Amount added each month.

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Annual rate compounded monthly.

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Savings period.

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Privacy-friendly: your inputs are processed locally in your browser.

Formula

Future value = initial balance compounded monthly + the future value of monthly contributions.

Future value = initial balance compounded monthly + the future value of monthly contributions.

How it works

1

Enter your starting balance and monthly contribution.

2

Enter the annual rate and saving period.

3

Review total contributions, interest and projected balance.

Important notes

The projection assumes a constant rate and equal monthly contributions.