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Savings Calculator

How much will your savings grow? Starting balance plus monthly deposits at a savings interest rate over time.

Enter values

Results update as you type.

Result

Future value

$26,402.64

Total contributed
$23,000.00
Total growth / interest
$3,402.64
Growth as % of contributions
14.79%

Growth by year

YearTotal contributedTotal growthBalance
Year 18,600304.898,904.89
Year 212,200789.1612,989.16
Year 315,8001,461.0717,261.07
Year 419,4002,329.2221,729.22
Year 523,0003,402.6426,402.64

Illustration only. Real investment returns vary and are not guaranteed.

About the Savings Calculator

How much will your savings grow? Starting balance plus monthly deposits at a savings interest rate over time.

Also known as: savings growth, savings account calculator, how much will i save.

How to use this calculator

  1. Enter starting balance, monthly deposit, interest rate (apy), years.
  2. The result updates instantly as you type — press Calculate (or Enter) at any time.
  3. Review the breakdown shown under the main result.
  4. Use Copy result or Share to save the answer or send a link with your inputs.

Formula

FV = P(1 + r)ⁿ + PMT·((1 + r)ⁿ − 1)/r (monthly periods)
P
= initial amount
PMT
= monthly contribution
r
= monthly rate
n
= months

Worked example

Using the values pre-filled in the calculator above:

  • Starting balance = 5,000
  • Monthly deposit = 300
  • Interest rate (APY) = 4.5 %
  • Years = 5

the calculator returns:

  • Future value: 26,402.64
  • Total contributed: 23,000
  • Total growth / interest: 3,402.64
  • Growth as % of contributions: 14.79%