Savings Calculator
Estimate how your savings could grow with regular contributions
and compound interest.
Enter your starting balance, monthly contribution, interest rate
and saving period in the white box. The green box shows your
contributions, estimated interest earned and future savings balance.
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Suggested next step Mortgage Calculator →Estimate the monthly cost of buying a home.
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How the Savings Calculator works
This calculator estimates how your savings could grow from an initial balance combined with regular monthly contributions.
Interest is compounded monthly using the annual interest rate entered. Monthly contributions are assumed to be made at the end of each month.
Total contributions shows how much you add during the saving period, excluding your starting balance. Total amount deposited combines your starting balance and all monthly contributions.
Estimated interest earned is the difference between the future savings balance and the total amount you deposited.
Results are estimates for planning purposes only. Actual savings returns can vary and interest rates may change over time.
How much can monthly deposits add to savings?
Depositing $150 at the end of every month adds $1,800 over one year before interest. Your estimated ending balance also depends on your starting savings, the interest rate and the number of months. This calculator assumes monthly compounding and a constant annual rate; real account rates may change.