Savings Plan Calculator

Your details

Forward: project how much you will have. Goal: find the contribution needed to hit a target.
The lump sum you deposit today. Can be 0 if you are starting from scratch.
Amount you add at each contribution interval.
How often you make a regular deposit.
Increase your contribution by this percentage each year (e.g. 3% to match inflation or raises).
%
Expected annual interest or investment return. High-yield savings accounts currently offer 4-5%.
%
How often interest is added to your balance. More frequent compounding means slightly more growth.
How many years you plan to save.
years
If your interest is taxable, enter your marginal rate. Leave at 0 for tax-advantaged accounts like a Roth IRA or ISA.
%
Currency
Final balanceModerate growth
$31,920.01

Total value of your savings at the end of the period

Total contributions$25,000.00
Total interest earned$6,920.01
Interest as % of final balance21.7%
Effective annual rate (APY)4.594%

Your savings will grow to $31,920.01 over 10 years.

  • You will deposit a total of $25,000 in contributions, and earn $6,920 in net interest.
  • Interest accounts for 21.7% of the final balance - over a longer horizon this share rises significantly thanks to compounding.
  • Your effective annual yield (APY) is 4.594%. APY is always slightly higher than the nominal rate because of within-year compounding.

Next stepIf your savings are in a taxable account, enter a tax rate to see the real after-tax outcome. Tax-advantaged accounts like a Roth IRA or high-yield savings account are worth exploring.

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