Savings Calculator

Calculate the future value of your savings. Enter initial deposit, regular contributions, interest rate, compounding frequency, and term. See total interest earned. Informational only—consult a financial advisor. Explore more tools on free calculators on CalculatorBolt.

Calculator

Future Value
Total Contributions
Total Interest
Real Future Value

How it works

Future Value = Deposit × (1 + r/n)^(n×Years) + PM × [((1 + r/n)^(n×Years) − 1) / (r/n)] × (n/12). We calculate final balance, total contributions, and total interest. Optionally adjust for inflation.

Inputs explained

Initial Deposit, Monthly Contribution, Annual Interest Rate, Compounding Frequency, Savings Term, Optional Inflation.

Example

Deposit=5,000, PM=200, r=3%, n=Monthly, t=10 years → FV ≈ $34,876; Contributions=$29,000; Interest≈$5,876.

Tips & notes

  • More frequent compounding yields slightly higher returns.
  • Regular contributions significantly boost long‑term growth.
  • Adjust for inflation to see real purchasing power.

FAQs

Interest on the initial principal plus accumulated interest. Savings grow faster over time with compounding.

Daily compounding grows slightly faster than monthly or annual at the same nominal rate.

It’s ideal for savings accounts, CDs, and interest‑bearing accounts with regular contributions.

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Disclaimer

Informational estimate only. Does not account for taxes, fees, or market volatility. Consult a qualified financial advisor for personalized advice.

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Author: CalculatorBolt Editorial Team
Reviewed by: Finance/Investing Editor
Published: • Updated: