Savings Calculator
Project how your savings will grow over time. Enter your monthly deposit, annual interest rate and number of years to see the future value and total interest earned.
How It Works & Formula
The future value of regular deposits is FV = P x ((1+r)^n - 1) / r, where P is the monthly deposit, r is the monthly rate, and n is total months.
Frequently Asked Questions
How does compound interest grow my savings?
Interest is earned on both your deposits and previously accumulated interest, causing your savings to grow faster over time.
Should I enter the monthly or annual rate?
Enter the annual interest rate; the calculator converts it to a monthly rate automatically.
What is total interest earned?
It is the future value minus the total amount you deposited over the whole period.