Project the future value of your savings with regular contributions, compound interest, and any time horizon.
Enter your target amount and monthly deposit to see when you'll reach your goal
Consistent monthly contributions build your savings foundation.
Your interest earns its own interest, accelerating growth over time.
Watch your savings grow until you reach your financial target.
Type the amount you already have saved. This is your initial deposit or current savings account balance.
Type how much you save each month. Include automatic transfers and any employer match if applicable.
Type the annual interest rate (APY) and the time period in months or years. The calculator shows year-by-year growth.
For related calculations, try our compound interest calculator.
Cross-checked against authoritative formulas (IRS, NIST, ACM) and updated for 2025/2026 tax years and rates.
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Each calculator includes the formula, plain-English explanation, and FAQs so you understand the result.
Estimates only. Calculator results are for educational and planning purposes — not professional advice. For binding decisions on taxes, investments, health, or legal matters, consult a qualified professional.
FAQ
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A savings calculator is a free financial tool that projects the future value of savings with regular contributions and compound interest. Our savings calculator works for emergency funds, sinking funds, and short-term goals, with adjustable interest rates and frequencies. The savings calculator shows year-by-year balance, total deposits, and total interest earned.
How it works
Our savings calculator lets you see how your savings balance grows over time with or without regular contributions, in four steps.
Type the amount you have already saved. Use 0 if you are starting from scratch or rolling over from another account.
Type the APY your savings account pays. A high-yield savings account is currently 4-5%. Your current bank statement shows the actual rate.
Type how much you add each month. Be realistic - the final balance depends heavily on this number. Automating the transfer helps consistency.
Type how many years you want to project. The calculator shows the final balance, total contributions, total interest earned, and a year-by-year growth table.