Savings Goal Calculator

Plan your savings journey with compound interest projections

Savings Details

Goal Amount ($)

Current Savings ($)

Monthly Contribution ($)

Annual Interest Rate (%)

Results

Enter your savings details to see projections

About Savings Calculations

Monthly Compound Formula

FV = PV(1+r)^n + PMT × ((1+r)^n − 1) / r

Where r = annual rate / 12, n = months, PV = present value, PMT = monthly payment.

Tips

Even small increases in monthly contributions compound significantly
High-yield savings accounts (HYSA) offer 4–5% APY
Starting early is the most impactful factor due to compound growth