Savings Interest Calculator
Calculate how much your savings will grow with compound interest and regular deposits. See future value and total interest earned.
Inputs
Results
Future Value
$16,686.8
Total Interest Earned
$3,686.8
Total Deposits$13,000
Effective Annual Rate32.51%
Future Value
$16,686.8
Total Interest Earned
$3,686.8
How to Use This Calculator
- Start by filling in the input fields below. Results update instantly as you type, so you can experiment with different values to see how they affect the outcome.
- Initial Deposit — Starting amount default: 1,000.
- Annual Interest Rate — Annual percentage yield (APY) default: 4.5.
- Years — Number of years to save default: 10.
- Monthly Deposit — Additional monthly deposits (optional) default: 100.
- Compounding Frequency — Times per year interest compounds (12 = monthly) default: 12.
- Once all inputs are set, review your results in the Results panel. Here's what each output means:
- Future Value — shown as a dollar amount. This is the primary result of this calculator.
- Total Interest Earned — shown as a dollar amount. This is the primary result of this calculator.
- Total Deposits — shown as a dollar amount.
- Effective Annual Rate — shown as a percentage.
- View the Savings Growth Over Time below for a visual breakdown of how the numbers relate to each other.
- Explore the related calculators below if you need deeper analysis or want to approach this topic from a different angle.
Ad Placeholder
Formula
FV = P(1+r/n)^(nt) + PMT × [((1+r/n)^(nt) - 1) / (r/n)]Related Calculators
Compound Interest Calculator
See how your money grows over time with compound interest. Visualize the power of compounding with monthly contributions.
Savings Goal Calculator
Find out how much you need to save each month to reach your savings goal. See how interest helps you get there faster.
Emergency Fund Calculator
Calculate how much you need in your emergency fund and how long it will take to build one. Experts recommend 3-6 months of expenses.
Ad Placeholder