Savings Calculator
Estimate future savings with an initial deposit, monthly contributions, and compound growth.
About this calculator
Use this calculator to estimate how savings can grow over time.
How to use
- Enter the starting deposit and monthly contribution.
- Set the annual interest rate and time period.
- Read the future balance and total interest.
Formula
Monthly compounding adds interest each month, then applies the monthly contribution.
Example
1,000 initial deposit, 100 monthly, 5% for 1 year.
FAQ
Are deposits and contributions both counted?
Yes. The calculator tracks the initial deposit and all recurring contributions.
Is the compounding monthly?
Yes. The savings calculator uses monthly compounding.
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Results are for informational purposes only. Verify important calculations independently.