Savings Calculator

How savings growth is calculated

The final balance is made up of two parts: the dollars you deposit and the return earned on them. When you save regularly, returns also accrue on amounts saved earlier, so growth gradually speeds up.

Even a modest monthly contribution can grow into a substantial sum over the years once compounding takes effect.

What you enter and what you get

Enter any starting amount, the monthly contribution, an expected annual return and the saving period. The calculator returns the final balance and splits it into your own deposits and the return earned.

This lets you see how changes in the amount saved, the time span and the return affect the result.

When to use it

Use it when planning an emergency fund, a deposit for a home or long-term wealth building. It helps you set a realistic monthly contribution against your goal.

Good to know

The calculator assumes a steady return, while investment returns vary over time. Use a cautious assumption and remember that a bank account's interest is often far lower than investment returns.