Simple Savings Calculator

Your details

Switch modes to reverse-solve for any unknown in the calculation.
The lump sum you deposit today. Can be 0 if you are starting from scratch.
Amount deposited at each interval. Leave as 0 for a lump-sum-only calculation.
The nominal annual interest rate offered by your account.
%
How often interest is credited to your account. More frequent compounding yields slightly more.
How long you plan to keep the money invested or saved.
years
The savings goal you want to reach.
The savings goal you want to reach (used in reverse-solve modes).
Expected annual inflation. Used to calculate the real (inflation-adjusted) final balance.
%
If interest income is taxable, enter your marginal rate. Applied to interest each year before it is reinvested.
%
Currency
Final balance
$38,074.58

Your projected savings balance at the end of the period.

Total contributions$29,000.00
Total interest earned$9,074.58
APY0.046%
Real balance (inflation-adjusted)$29,743.80

In 10 years, your savings could grow to $38,075.

  • Of your projected 38,074.58 balance, 31.3% will be interest earned on your contributions.
  • Your effective annual yield (APY) is 4.594%, which accounts for the compounding frequency you selected.
  • After accounting for 2.5% annual inflation, your balance has a real purchasing power of approximately $29,744 in today's dollars.
  • Consistent periodic deposits are a powerful habit: compound growth accelerates significantly in the later years of your savings timeline.

Next stepCompare this projection with a high-yield savings account or CD rate. Even a half-point difference in APY compounds meaningfully over years.

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