Savings Plan Calculator
Enter a starting amount, a monthly contribution, an annual return and a time frame to project how your savings grow.
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- No sign-up
Enter a starting amount, monthly contribution, return and years to project your savings.
Worked example
With these example inputs:
- Starting amount$1,000
- Monthly contribution$300
- Annual return6%
- Years to save10 yr
Future savings: $50,983
- Total contributions$36,000
- Interest earned$13,983
- Total growth37.8%
Frequently asked questions
How does a savings plan grow?
Each monthly deposit is added and then earns compound interest for the rest of the term, so later growth comes increasingly from interest on past interest.
Why start early?
The longer money compounds, the larger the share of the final balance that comes from interest rather than deposits, so an early start matters more than a large one.