Savings Calculator

Calculate compound interest, plan your savings goals, and visualize your financial future. Track your progress and optimize your savings strategy.

Future Value

Total Contributions

Interest Earned

Goal Progress

Savings Goal

Track your progress toward your savings goal

$10,000

Target: Dec 2025

$0 Current

$10,000 Remaining

Savings & Compound Interest Calculator

Calculate how your savings will grow over time with regular deposits and compound interest.

Savings Type

Initial Investment

Initial Deposit

Current Savings (Optional)

Regular Contributions

Contribution Amount

Contribution Frequency

Interest & Time Period

Annual Interest Rate

Compounding Frequency

Time Period (Years)

Savings Analysis

Initial Deposit: $1,000

Regular Contributions: $24,000

Interest Earned: $6,802

Future Value: $31,802

Principal vs Interest

Principal 78.6%

Interest 21.4%

Account Comparison

Compare different savings accounts and investment options.

Account Type	Interest Rate	Future Value	Interest Earned	Risk Level
Your Plan	5.00%	$31,802	$6,802	Variable
High-Yield Savings	3.50%	$28,771	$3,771	Very Low
Certificate of Deposit	4.25%	$30,242	$5,242	Low
Index Fund	7.00%	$36,765	$11,765	Medium
Growth Stocks	10.00%	$45,599	$20,599	High

Future Value Comparison

After 10 years

Inflation Impact

See how inflation affects the purchasing power of your savings over time.

Inflation Rate

Inflation Impact

Future Value (Nominal):

$31,802

Future Value (Real):

$23,651

Purchasing Power Over Time

Year	Nominal Value	Real Value	Purchasing Power

Beating Inflation

To maintain purchasing power, your savings need to grow at a rate higher than inflation.

Your Growth Rate: 5.00%

Inflation Rate: 3.00%

Real Growth Rate: 1.94%

Your savings are growing faster than inflation, maintaining purchasing power over time.

Savings Guide

Savings Strategies

Start early and be consistent with your savings to maximize compound interest benefits.

• Pay yourself first - automate savings

• Save at least 20% of your income

• Build emergency fund before investing

• Increase savings rate over time

Compound Interest

Compound interest is interest earned on both principal and previously earned interest. The longer your money compounds, the faster it grows.

Setting SMART Goals

Create Specific, Measurable, Achievable, Relevant, and Time-bound savings goals to stay motivated and track your progress effectively.

Account Types

• High-Yield Savings: Safe, liquid, moderate interest
• CDs: Higher rates, time commitment
• Money Market: Better rates, some restrictions
• Index Funds: Higher returns, some risk

Emergency Fund Guidelines

Single income: 6 months expenses

Dual income: 3-6 months expenses

Self-employed: 9-12 months expenses

Retired: 1-2 years expenses

Savings Boosters

• Round up purchases and save the difference
• Save tax refunds and work bonuses
• Use the 30-day rule for non-essential purchases
• Challenge yourself to no-spend days/weeks
• Increase savings rate with each pay raise
• Review and cancel unused subscriptions