Savings Growth Calculator
Estimate the future value of your savings with tax, inflation, and periodic contributions
Savings Details
Projection Results
Savings Growth Over Time
Growth Scenarios
- With a 1% higher return: $157,420 (+9.4%)
- With $100 more monthly: $162,380 (+12.9%)
- With 5 more years: $212,450 (+47.7%)
- With no inflation: $143,865 (nominal value)
Savings Tips
- Start saving as early as possible to maximize compounding
- Increase contributions whenever possible
- Consider tax-advantaged accounts like IRAs or 401(k)s
- Review and adjust your savings plan annually
- Automate your savings to ensure consistency
How Savings Calculations Work
This calculator estimates the future value of your savings by considering several important factors:
Compound Interest Formula:
The core calculation uses the compound interest formula:
FV = P × (1 + r/n)(n×t) + PMT × [((1 + r/n)(n×t) – 1) / (r/n)]
Where:
- FV = Future Value
- P = Initial Principal
- r = Annual Interest Rate
- n = Compounding Frequency
- t = Time in Years
- PMT = Regular Contribution
Additional Factors:
- Taxation – Interest earnings are reduced by your tax rate
- Inflation – Future value is adjusted to today’s purchasing power
- Flexible Contributions – Can be positive (deposits) or negative (withdrawals)
Why It Matters:
Understanding how these factors interact helps you create a realistic savings plan and set achievable financial goals.
“Compound interest is the eighth wonder of the world. He who understands it, earns it; he who doesn’t, pays it.”
– Albert Einstein
This calculator provides estimates only. Actual investment returns may vary based on market conditions, fees, and other factors. Consider consulting a financial advisor before making investment decisions.