Monthly savings calculator
Enter what you start with, what you save each month and the expected return to see your balance after each year.
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Processing and privacy: The result is calculated inside your browser and your data is not sent to any server.
How to use it
- Enter starting amount, monthly deposit, expected annual return and term.
- The result appears straight away and updates as you edit.
- Copy the result, or copy a link that keeps the same values to share it.
How it is calculated
i = rate / 12, N = months. Balance = Start × (1+i)^N + Monthly × ((1+i)^N − 1) / i, with deposits at the end of each month.
Example
Inputs: Starting amount = 5,000 your currency, Monthly deposit = 200 your currency, Expected annual return = 6 %, Term = 10 years. Result: Final balance: 41,872.85; Total deposited: 29,000.00; Interest earned: 12,872.85.
Limits and caveats
- Assumes a fixed return and the same deposit every month without gaps.
- Taxes, fees and inflation are not included.
Questions about this tool
How much do I need to save to reach a million?
Try numbers here, or use the savings goal calculator to get the monthly deposit directly.
Does starting early matter?
Yes. Compounding builds over time, so extra years noticeably raise the share of interest in your balance.
What return should I enter?
Your actual savings or deposit rate, or a cautious estimate if you invest in volatile assets.