Savings Calculator
Free savings calculator. Calculate future value with compound interest and monthly contributions. See year-by-year growth projections.
$
$
%
years
$94,111
$70,000
$24,111
1.34x
Savings Breakdown
Total Contributions$70,000 (74%)
74.4%
Interest Earned$24,111 (26%)
25.6%
Year-by-Year Growth
| Year | Balance | Contributions | Interest |
|---|---|---|---|
| Year 1 | $16,651 | $16,000 | $651 |
| Year 2 | $23,642 | $22,000 | $1,642 |
| Year 3 | $30,991 | $28,000 | $2,991 |
| Year 4 | $38,716 | $34,000 | $4,716 |
| Year 5 | $46,837 | $40,000 | $6,837 |
| Year 6 | $55,372 | $46,000 | $9,372 |
| Year 7 | $64,345 | $52,000 | $12,345 |
| Year 8 | $73,776 | $58,000 | $15,776 |
| Year 9 | $83,690 | $64,000 | $19,690 |
| Year 10 | $94,111 | $70,000 | $24,111 |
Time to Reach Goals
$50,000
5.4 years
Achieved$100,000
10.6 years
$250,000
21.0 years
$500,000
31.3 years
$1,000,000
43.2 years
Savings Formulas
Future Value (Lump Sum): FV = PV × (1 + r/n)^(nt)
Future Value (PMT): FV = PMT × ((1 + r/n)^(nt) - 1) / (r/n)
Total: FV = FV(lump sum) + FV(payments)
Where PV = present value, PMT = payment, r = rate, n = periods per year, t = years
Savings Tips
- Start early - compound interest rewards time in the market
- Automate your savings with automatic transfers
- Increase contributions whenever you get a raise
- Take advantage of employer matching in 401(k) plans
- Higher interest rates significantly impact long-term growth
🔒 Fast, free math calculators that run in your browser. No uploads, 100% private.