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Savings Calculator
See your final balance and the interest you’ll earn from an initial deposit plus regular monthly savings. Set your starting amount, monthly deposit, rate, and time frame — the numbers update instantly, and you can export them or share them with a link.
Final balance
$26,402.64
- Total deposited
- $23,000.00
- Interest earned
- $3,402.64
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yr
How to use the savings calculator
- Enter your initial deposit and how much you’ll add each month.
- Set the annual interest rate (APY) and how long you’ll save.
- See your final balance and the interest you’ll earn.
TipA high-yield savings account can earn many times the national average — shop the APY.
How to use the savings calculator
Enter your initial deposit — the amount already in the account — and the monthly deposit you plan to add. Set the annual interest rate your account pays and the number of years you’ll keep saving. The large readout shows your projected final balance, and the cells below split it into the total you deposited and the interest earned on top.
Try nudging each input to see its effect. A higher monthly deposit grows the balance fastest in the near term, while a better rate and a longer time frame do more of the work over many years. Use the export buttons to download the summary as CSV or Excel, print it to PDF, or copy a link that reopens the calculator with your exact numbers.
How it works and what the number means
The calculator compounds your savings monthly. Your initial deposit earns interest at the monthly equivalent of the annual rate, and each monthly deposit is added and starts earning interest from the moment it lands. The final balance is the sum of your grown starting deposit and the grown stream of monthly deposits, so amounts saved earlier contribute the most interest.
Savings rates can change over time, especially on variable-rate accounts, so a fixed rate here is a simplifying assumption. The figures are nominal and before tax and inflation, which reduce what your balance is actually worth. Treat the result as an educational projection to compare savings plans rather than a guaranteed outcome.
Estimates for education only — not financial advice. Actual interest depends on your account’s rate, which may change, and results may be reduced by taxes and inflation.
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