Calculate Your Savings
Your Savings Forecast
After 10 years, you will have:
$0
Total contributions: $0
Interest earned: $0
Calculating your financial future...
Your Projection Awaits
Enter your savings details and click "Calculate" to see your financial future.
Compound Growth
See how your savings can grow exponentially with compound interest over time.
Visual Projections
Interactive charts help you visualize your savings growth year by year.
Goal Planning
Plan for major life events by understanding how regular savings can add up.
Plan Your Financial Future
Our Savings Calculator is a powerful, free online tool designed to help you visualize your financial future. By inputting your initial savings amount, monthly contributions, expected interest rate, and investment period, you can see how compound interest can grow your savings over time.
Whether you're saving for retirement, a down payment on a house, your child's education, or a dream vacation, understanding the power of compound interest is essential for effective financial planning. Our calculator provides clear, visual projections to help you set realistic goals and stay motivated on your savings journey.
How It Works
The calculator uses the compound interest formula to project your savings growth:
A = P(1 + r/n)(nt) + PMT × (((1 + r/n)(nt) - 1) / (r/n))
Where:
A = Future value of investment
P = Principal investment amount
PMT = Monthly contribution
r = Annual interest rate (decimal)
n = Number of times interest is compounded per year
t = Time in years
Frequently Asked Questions
Is this savings calculator completely free to use?
Yes, our savings calculator is 100% free with no hidden costs or registration required. We believe in providing accessible financial tools to help everyone plan their future.
How often is the interest compounded?
Our calculator compounds interest monthly, which is the most common method for savings accounts and many investments. This means interest is calculated and added to your principal each month.
Can I factor in inflation?
The current version doesn't include inflation adjustments. The results show nominal future value. For real (inflation-adjusted) projections, you might reduce the interest rate by the expected inflation rate.
How accurate are the projections?
Projections are based on the mathematical principles of compound interest. They assume a constant interest rate and regular contributions. Actual results may vary based on market fluctuations and changes to your saving habits.
Can I save my calculations?
Currently, calculations are not saved automatically. We recommend taking a screenshot or noting down your results. Future versions may include save/print functionality.