Make a savings plan around your goal. Project how your balance may grow, or find the regular deposit needed to reach a target. Include interest, contribution timing, optional account fees, and inflation.
Savings goal planner • Future balance forecast • Yearly scheduleSavings accumulation schedule
The inflation-adjusted value estimates purchasing power in today’s currency. The detailed view follows the selected deposit frequency.
How to use this savings calculator
Choose whether you want to project a future balance or plan deposits for a savings goal. Enter your current savings, interest rate, and time period. In projection mode, add the regular amount you can save. In goal mode, the calculator estimates the regular deposit needed to reach your target. Choose how often you deposit and when each deposit is made. Optional settings let you include account fees, tax on interest, deposit increases, and inflation.
How interest and deposits are modeled
The annual nominal interest rate is converted to an equivalent rate for the selected deposit period using the compounding frequency you selected. Deposits made at the beginning of a period earn interest during that period. End-of-period deposits begin earning interest in the following period. The goal planner uses a numeric search to find the smallest regular deposit that reaches the target under the entered assumptions.
View formulas and assumptions
For nominal annual rate j compounded m times yearly and f deposits per year, the equivalent deposit-period rate is r = (1 + j/m)m/f − 1. The balance is updated each period using r and the selected deposit timing. Optional interest tax is deducted when interest is credited. The annual account fee is applied proportionally across periods; deposit fees are deducted from each deposit. If enabled, the annual deposit amount increases after each completed year.
Inflation-adjusted value equals the future balance divided by (1 + estimated inflation)years. This is an illustration. It does not include withdrawal penalties, minimum balances, or variable account rates.
Example: saving toward a goal
If you have $5,000, want to save $25,000 in five years, and assume a 4% annual nominal rate compounded monthly, the required monthly deposit depends on whether deposits are made at the beginning or end of each month and on any applicable fees or tax. The goal mode solves for the deposit using the choices you enter.
What the results mean
- Estimated ending balance: projected account value after modeled interest, tax, and fees.
- Regular deposit needed: the repeating amount needed in goal mode.
- Total deposited: current savings plus scheduled deposits before deposit fees.
- Net interest: gross interest minus the modeled tax on interest.
- Value in today’s money: estimated purchasing power after inflation.
Questions and limitations
What if my current savings already meet the goal?
The required regular deposit is zero. The projection still shows how the balance may change under the selected rate, fees, and timing.
Does this include taxes or guarantees?
You may model a tax percentage on credited interest. Actual tax treatment, interest rates, fees, and account rules depend on the account and location. The result is not a tax calculation or guarantee.
Does the currency selector convert money?
No. It changes the symbol and number formatting only. Convert your amounts yourself before calculating in another currency.
Are my inputs stored?
The calculator carries out the calculation in your browser. The hosting provider and other installed plugins may have their own analytics and privacy practices.
This tool provides general estimates and is not financial, tax, or banking advice.