Savings Calculator
Free savings calculator. See how much your savings will grow over time, or work out exactly how much to set aside each month to hit a savings goal.
Your Plan
Future Balance
$45,666
Breakdown
How It Works
Pick what you want to find
Choose whether you want to see how much you will have, or how much you need to save each month to reach a goal.
Enter your numbers
Add your starting balance, deposits, interest rate and time frame — or your target amount for goal mode.
Review the result
See your projected balance and interest earned, or the required monthly deposit to hit your goal on time.
Saving consistently is one of the most reliable ways to build wealth, and compound interest quietly does much of the work for you. By earning interest on both your deposits and the interest already credited, even modest monthly amounts can grow into a substantial balance given enough time.
This calculator works two ways. In "How much will I have?" mode it projects your future balance from a starting amount, regular deposits and an interest rate. In "How much to save?" mode it flips the problem around and tells you the exact monthly deposit required to reach a specific savings goal by a target date — perfect for planning a down payment, emergency fund or any other goal.
Frequently Asked Questions
How does the savings calculator grow my money?
It compounds your balance monthly. Each month the calculator applies one-twelfth of your annual interest rate to the current balance and then adds your monthly deposit. Over the full term this gives the future value of your savings including compound interest.
How do you work out the monthly amount needed for a goal?
Goal mode solves the future-value formula for the deposit. It accounts for how your current savings will grow on their own, then calculates the level monthly payment whose compounded contributions make up the remaining gap to your target by the end date.
What if my current savings already cover the goal?
If your existing balance is projected to grow past your target on its own, the required monthly deposit shows as zero — you are already on track and do not need to add anything to reach the goal in the chosen time frame.
Does the calculator account for taxes or inflation?
No. Results are nominal and assume a fixed interest rate compounded monthly with no taxes, fees or inflation adjustment. Real-world returns vary, so treat the figures as a planning estimate.
Related Calculators
Build with our Savings Calculator API
Integrate our high-speed conversion engine directly into your own applications. Get free api keys for savings calculator api and more.