Savings growth calculator

How it works

Enter what you start with, what you add each month, the expected yearly return and the number of years to see how compound growth adds up.

The formula

Without monthly deposits: future value = P × (1 + r)^t, where P is the starting amount, r the yearly return and t the years. Monthly deposits are added and grown the same way, month by month.

Worked example

1,000 at 5% a year for 10 years: 1,000 × 1.05^10 ≈ 1,628.89, so growth earns about 628.89.

Good to know