Savings Calculator
See how much can accumulate from an initial balance, periodic contributions, rate and term.
How to use
- 1Enter starting balance, contribution, annual rate, term and frequency.
About
Assumes periodic compounding and contributions at the beginning of each period.
Savings calculator
Project a savings balance from an initial amount, recurring contributions and return rate.
FV = initial(1+i)^n + contribution × [((1+i)^n − 1) ÷ i]. At i=0, contributions are simply added.
Enter initial balance, contribution, annual return, term and contribution frequency.
The result separates contributed capital from accumulated return.
Practical examples
- $1,000 initial, $100 monthly, 6% yearly for one year → a balance above $2,200.
Limitations and notes
- The projection assumes a constant rate and contributions at the end of each period.
- Use valid values and keep all units consistent.
How to use
- 1Enter the initial balance.
- 2Set contribution, return and term.
- 3Choose frequency and review the final balance.
Frequently asked questions
Are contributions made at the beginning?
The formula assumes contributions at the end of each period.
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