Savings Calculator
See how your savings grow with regular deposits and interest.
Runs in your browser — nothing is sent or saved.
How to use the savings calculator
- Enter your starting balance.
- Enter how much you will add each month.
- Enter the interest rate and the number of years.
- Read the final balance and the year-by-year growth.
How your savings grow
This savings calculator projects a savings goal by combining three things: your starting balance, the regular monthly deposits you add, and the interest the account pays. Interest is applied monthly, and each monthly savings deposit starts earning from the month it goes in. The result is the savings growth you would reach, split into the money you put in and the interest you earned.
Why regular saving works
Small, regular deposits add up faster than most people expect, because every deposit earns interest for the rest of the term. Adding a fixed amount each month, called regular savings, also smooths out the effort and builds the habit. The year-by-year table shows the balance climbing, and how the interest column grows as the balance does.
Reaching a savings goal
To hit a target, you can adjust any of the inputs: save for longer, add more each month, or find a higher rate. Try a few combinations to see what reaches your goal. Because interest compounds, starting sooner usually helps more than adding a little extra later.
An estimate, not financial advice
This assumes a steady interest rate and deposits you keep up every month. Real savings rates are set by your bank and change over time, and tax may apply to interest. Treat the figure as a planning estimate, not a guarantee, and not financial advice.
FAQ
How much will I save?
Enter your starting balance, monthly deposit, rate, and years. The tool shows the final balance, the total you deposited, and the interest earned on top.
Does adding money monthly make a big difference?
Yes. Each monthly deposit earns interest for the rest of the term, so regular saving builds the balance faster than a one-off amount at the same rate.
What interest rate should I use?
Use the rate your account actually pays. Rates change and vary by bank and country, so check the current figure rather than assuming an old one.
Is the interest taxed?
It can be, depending on your country and account type. This tool shows interest before any tax, so check your local rules for the after-tax figure.
Is my information private?
Yes. Everything is calculated in your browser and nothing you enter is uploaded or saved.