Savings Calculator

Estimate the future value of your savings with interest over time.

Savings Calculation

Enter initial deposit, monthly contribution, interest rate, and years to estimate your savings growth.

Formula Used:

The future value of savings with monthly contributions is calculated using:

FV = P(1 + r/n)^(nt) + M × [(1 + r/n)^(nt) - 1] / (r/n)

  • FV = Future Value
  • P = Initial Deposit
  • M = Monthly Contribution
  • r = Annual Interest Rate (decimal form)
  • n = Number of times interest is compounded per year (assumed 12 for monthly)
  • t = Time in years