Savings Interest Calculator
Calculate how much your savings will grow with compound interest and regular deposits. See future value and total interest earned.
Financial Disclaimer
This calculator is for educational purposes only and does not constitute financial advice. Results are estimates based on the inputs provided. Consult a qualified financial advisor before making investment or financial planning decisions.
Inputs
Results
Future Value
$16,686.80
Total Interest Earned
$3,686.80
How to Use This Calculator
- Enter your initial deposit or current savings balance.
- Set the annual interest rate for your savings or money market account.
- Enter the number of years you plan to save.
- Add a monthly deposit if you plan to make regular contributions.
- Choose the compounding frequency — most savings accounts compound daily or monthly.
- Review the future value, total deposits made, and total interest earned.
Formula
FV = P(1+r/n)^(nt) + PMT × [((1+r/n)^(nt) - 1) / (r/n)]Related Calculators
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