Savings Goal Calculator
See how a starting balance plus steady monthly deposits builds up at a given interest rate, with a clear split between your contributions and the interest on top. It's a private estimate to help you plan toward a goal — not financial advice.
- 100% free
- Private & safe
- Runs in your browser
Why use Savings Calculator?
Savings Calculator gives you accurate results instantly, with the underlying formula shown so you can trust the numbers.
- Runs instantly in your browser — nothing to install, nothing uploaded.
- Completely free, with no account, no watermarks and no usage limits.
- FV = P(1+i)^N + PMT × ((1+i)^N − 1) ÷ i
- Enter your starting balance and monthly deposit.
- Works on any device — desktop, tablet and phone — and is fully keyboard accessible.
How to use Savings Calculator
- Enter your starting balance and monthly deposit.
- Set the annual interest rate (APY) and years.
- See the projected balance and interest earned.
- Tweak the deposit to hit a savings goal.
Examples
- $1,000 start plus $300/month at 4% for 10 years.
- Estimating a house-deposit savings timeline.
Formulas
- FV = P(1+i)^N + PMT × ((1+i)^N − 1) ÷ i
Limitations
- Assumes a steady rate; real savings rates change over time.
- Excludes taxes and fees.
- Not financial advice.
Frequently asked questions
Is APY the same as interest rate here?
Enter the annual rate you expect; the tool compounds it monthly.
Does it include tax on interest?
No — interest is shown before any tax.
Is this financial advice?
No, it is informational only.
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