Savings Calculator | Estimate Your Future Savings with Precision

Savings Growth Calculator

Estimate the future value of your savings with tax, inflation, and periodic contributions

Savings Details

Projection Results

Future Savings Value
$143,865
$114,245 in today’s dollars
Total Contributions
$70,000
Interest Earned
$73,865
$62,785 after tax

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.