Savings Calculator
Project where your savings land from a starting amount and a monthly deposit.
Balance
Starting at $1,000.00 and adding $400.00 a month for 5 years at 4% leaves $27,740.59. You put in $25,000.00; growth is $2,740.59.
You put in
$25,000.00
Growth
$2,740.59
Calculations happen in your browser.
Worked example
Say you start with $1,000 and add $400 a month for 5 years at 4% a year, compounded monthly. You'll put in $25,000. The balance is a little higher than that, and the difference is the growth.
FAQ
- How is the future balance calculated?
- The starting amount grows at the monthly rate, and each monthly deposit grows for the months left in the term.
- What if the interest rate is zero?
- The balance is the starting amount plus every deposit. Nothing extra is added.
- Can I use this for a savings goal date?
- This page projects a balance from a term you choose. Change the years until the balance passes the goal you have in mind.