How to use it
- Enter your current savings balance.
- Add the monthly deposit, annual rate and saving period.
- Calculate to see the projected balance, deposits and earned interest.
Savings Calculator
Estimate the future value of your savings with monthly deposits.
About the Savings Calculator
This calculator projects how an initial deposit and regular monthly deposits may grow when interest is compounded each month.
How growth is estimated
Each month, interest is applied to the current balance and the monthly deposit is then added. Total interest equals the final balance minus all deposits.
Useful scenarios
Use the tool for an emergency fund, education goal or large purchase. A small rate change can matter over many years, so compare conservative and optimistic assumptions.
Example
Start with $2,000, add $150 each month and compare three- and five-year plans at 4% to estimate how much comes from deposits versus interest.