Free Savings Calculator — Project Your Future Balance
~30 seconds
How much will your savings grow? Enter your starting amount, regular monthly deposit, annual interest rate, and time horizon to see your projected future balance and how much of it comes from interest.
Related calculators
Examples
Emergency fund
Starting: $1,000 | Monthly deposit: $200 | Rate: 4.5% | Years: 3
Calculation
- Monthly rate: 4.5% / 12 = 0.375%
- Future value of lump sum: $1,000 × (1.00375)^36 = $1,144
- Future value of deposits: $200 × [(1.00375)^36 - 1] / 0.00375 = $7,853
- Total: $1,144 + $7,853 = $8,997
Future value: ~$8,997
Total deposited: $8,200 | Interest earned: ~$797
Retirement savings
Starting: $10,000 | Monthly deposit: $500 | Rate: 7% | Years: 25
Calculation
- Monthly rate: 7% / 12 = 0.5833%
- Growth over 300 months with compounding
- Future value: ~$495,000
- Total deposited: $10,000 + ($500 × 300) = $160,000
Future value: ~$495,000
Interest earned: ~$335,000