Make your money plan visible

Free Savings Calculator Online

Q: How does this savings calculator work?

It compounds the current balance monthly, then adds the monthly deposit at the end of each month for the selected number of years.

See how regular deposits and compound interest can grow your savings. Adjust the timeline and interest rate, then estimate a comfortable path to your savings goal.

Your plan stays in this browser

Projected balance

$39,800

After 5 years of saving

80%of your goal

You will deposit$35,000

Interest earned$4,800

Growth from interest12%

✦A small monthly adjustment can put your goal within reach.

Your savings journey

Total balanceYour deposits

TodayYear 3Year 5

How your savings grow

Your projected balance combines the money you already have, every monthly deposit, and the compound interest those amounts may earn. The chart separates what you put in from what interest adds, so the impact of time is easy to see.

Start with today

Your current balance gets the most time to compound. Even a modest head start can make a meaningful difference over several years.

Build a steady habit

Consistent monthly deposits usually matter more than finding the perfect moment. Choose an amount that works with your real budget.

Let time participate

Compound interest means earned interest can generate more interest. Longer timelines make that snowball effect easier to see.

Planning note: This is an educational estimate, not financial advice. Real returns can vary, and this calculation does not include taxes, fees, inflation, or changing interest rates.

Savings calculator FAQ

How does this savings calculator work?

The calculator applies one month of interest to the running balance and then adds your monthly deposit. It repeats that process for every month in your selected time horizon.

When are monthly deposits added?

This estimate assumes deposits are made at the end of each month. Depositing at the beginning of each month would produce a slightly higher projected balance.

What interest rate should I enter?

Use the annual percentage yield or expected annual return for the account you are considering. If you are unsure, compare current rates from reputable financial institutions and use a conservative estimate.

Does this include taxes, fees, or inflation?

No. Results are estimates before taxes, fees, inflation, and any changes to deposits or interest rates.

Is my savings plan private?

Yes. The calculation happens in your browser, and your latest plan is saved only in local browser storage so it is ready next time.