Savings Growth Calculator

Estimate how your savings grow over time with compound interest.

Currency:

Initial Amount ($)

Monthly Deposit ($)

Annual Interest Rate (%)

Years

Total Savings:

$0.00

Interest Earned:

$0.00

Calculations assume monthly compounding. Actual results may vary.

How this is calculated

This savings calculator uses the compound interest formula to estimate how your money grows over time. It factors in your initial deposit, monthly contributions, and the annual interest rate. Compound interest means you earn returns on both your original balance and previous interest earnings.

Increasing your monthly deposits or interest rate can greatly accelerate your savings growth over the years. Use this calculator to plan for your goals or retirement savings.

Try our other free tools: Mortgage Calculator · Debt Payoff Calculator