Savings Calculator
Watch a savings account grow from an initial deposit plus monthly and annual contributions at a fixed rate. Year-by-year results show contributions, interest earned, and the running balance.
TheCalculators — Savings Calculator
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Savings at Year 10
$18,501.15
$2,500 + $100/mo at 4.00% APY
- Starting Balance
- $2,500
- Total Contributions
- $12,000
- Interest Earned
- $4,001.15
- Final Balance
- $18,501.15
Balance composition
- Starting balance$2,500
- Contributions$12,000
- Interest$4,001
Growth over time
Yearly savings schedule
Most useful next
Formula
Balance = Balance × (1 + r/12) + monthly contribution, with annual contributions added yearly
Pro tips
- • Automate transfers on payday — consistency beats amount early on.
- • High-yield savings accounts can pay 4–5% APY vs near-zero at big banks; the rate field makes the difference obvious.
FAQ
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