Savings Calculator
Calculate projected balance, contributions and interest from current savings, a monthly contribution, time and annual interest.
Calculate the ending balance, contributions and growth of your savings plan.
Stays on your device
Ending balance without growth
$31,000.00
- Total own money
- $31,000.00
- Future contributions
- $30,000.00
- Expected investment growth
- $0.00
Show savings schedule
| Year | Opening balance | Contributions | Growth | Closing balance |
|---|---|---|---|---|
| 1 | $1,000.00 | $3,000.00 | $0.00 | $4,000.00 |
| 2 | $4,000.00 | $3,000.00 | $0.00 | $7,000.00 |
| 3 | $7,000.00 | $3,000.00 | $0.00 | $10,000.00 |
| 4 | $10,000.00 | $3,000.00 | $0.00 | $13,000.00 |
| 5 | $13,000.00 | $3,000.00 | $0.00 | $16,000.00 |
| 6 | $16,000.00 | $3,000.00 | $0.00 | $19,000.00 |
| 7 | $19,000.00 | $3,000.00 | $0.00 | $22,000.00 |
| 8 | $22,000.00 | $3,000.00 | $0.00 | $25,000.00 |
| 9 | $25,000.00 | $3,000.00 | $0.00 | $28,000.00 |
| 10 | $28,000.00 | $3,000.00 | $0.00 | $31,000.00 |
This calculation is an estimate, not financial or investment advice. Returns and inflation are assumptions.
Good to know
Good to know
The savings calculator works out the ending balance from a starting amount, monthly contribution, interest rate, and term - with a nominal or effective rate, a selectable compounding period, contribution timing, and an annually increasing contribution (as a percentage or fixed amount), plus an optional view in today's purchasing power.
Typical searches include savings calculator, how much will I have if I save monthly, and calculate ending balance. Calculation runs locally in the browser. Interest rates, inflation, and account fees can change over the term and are assumed constant here.
Typical use cases
Simulate an annually increasing contribution
Increase the monthly contribution each year by a percentage or fixed amount, for example to realistically reflect salary raises.
Compare offers with different compounding
Set a nominal or effective rate and the compounding period to fairly compare savings accounts from different banks.
See the ending balance in today's purchasing power
Add an inflation rate to see what the calculated ending balance would actually be worth today.
Tips for better results
Choose a realistic increase rate
An overly high annual increase in the contribution can distort the result significantly. Check whether the assumption matches your actual income.
Set the compounding period like the real offer
Banks compound at different frequencies. Use the same compounding period as the offer so your result matches the actual account statement.
How it works
How it works
Step by step
Features
Features
Selectable annual increase
Increase the contribution each year by a percentage or a fixed amount.
Nominal and effective compounding
Choose the rate type and compounding period to match the specific bank offer.
Purchasing power optionally visible
Add an inflation rate to also see the ending balance and earnings in today's purchasing power.
Frequently asked questions
Frequently asked questions
What does an annual contribution increase mean?
The monthly contribution increases each year either by a fixed percentage or a fixed amount - useful for realistically planning around, for example, annual salary raises.
What's the difference between nominal and effective rate here?
The effective rate accounts for the chosen compounding period and is higher than the nominal rate when compounding happens more than once a year. Choose the type that matches the bank offer.
Are account fees taken into account?
No, the calculator assumes a constant interest rate without fees. Subtract ongoing account fees from the result separately.
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