Savings Interest Calculator

Calculate savings growth with compound interest

Initial Deposit ($)

Interest Rate (%)

Years

Monthly Contribution ($)

tool.savings.total

$0.00

Total Interest

$0.00

How to Use

Enter initial deposit, monthly contribution, interest rate, and time period to see your savings growth.

Formula

A = P(1+r)^n + PMT × ((1+r)^n - 1)/r

Example

Example: $1000 initial + $100/month at 3% for 5 years = $7901