Savings Calculator

Starting Balance: $

Deposits

Amount: $

Frequency:

When:
of each period

For How Long:
in years

Interest Rate: %

Compounding:

Answer:

Future Savings:

Calculator Use

Calculates the future value of your savings account. With a starting balance and regular deposits, how much can you save?

To calculate for a savings account where you make deposits and withdrawls, use Investment Account Calculator.

Starting Balance: The balance in your account that you are starting with, if any. If none, enter 0.
Deposit Amount: How much will you be depositing on a regular basis?
Deposit Frequency: How often will you be making deposits into your savings account?
Deposit at Period: beginning or end; for a monthly deposit example, will you making deposits at the beginning or end of each month?
For how long?: How far into the future will you be making these deposits? This is the moment in time where the value of your account will be calculated.
Interest Rate (APY): This is the annual interest rate or "stated rate" for your savings account. Also called the Annual Percentage Yield (APY)
Compounding: is the number of times compounding occurs per period. If a period is a year then annually=1, quarterly=4, monthly=12, daily = 365, etc. Savings accounts are often daily compounding.

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Last updated: March 28, 2024

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