Savings Calculator
Plan your savings goals and track progress with our free online savings calculator.
Savings Information
Savings Summary
Total Savings:
$0.00
Total Interest:
$0.00
Time to Goal:
0 months
Monthly Required:
$0.00
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How to Use the Savings Calculator
- Enter your desired Goal Amount ($) and the Target Date you want to reach it by.
- Input your Current Balance ($) in your savings account.
- Specify your regular Contribution Amount ($) and the Contribution Frequency (e.g., Monthly, Weekly).
- Enter the expected Annual Interest Rate (%) on your savings and the Compounding Frequency.
- Optionally, include estimated Annual Inflation Rate (%) and Tax Rate (%) on interest earned for a more realistic projection.
- Click "Calculate Savings Plan" to see the summary: total projected savings, total interest, estimated time to reach the goal, and the monthly contribution required if starting from zero.
- Click "View Savings Projections" for a year-by-year breakdown of your savings growth.