Assumes the entered rate is APY; interest compounded continuously via monthly effective rate; deposits at month end. Taxes/fees not included.
Tool by CalculatorDirectory.com
Use this free savings calculator to see how your money could grow with compound interest. Enter your starting balance, monthly deposits, APY, and timeframe to project your future balance, total contributions, and interest earned. It’s fast, private (data stays in your browser), and exports to Excel/CSV—perfect for planning regular savings or comparing high-yield savings accounts (HYSA).
• Free, no signup — private by design
• Clear results: future balance, interest, and contributions
• Easy inputs (APY, years, monthly deposits)
• Works great on mobile — like a simple app
• One-click Excel/CSV export for reports or budgeting
• Multi-currency support
• Future balance – your projected total at the end of the period
• Total contributions – starting amount + all monthly deposits
• Interest earned – growth generated by compounding
• Inflation-adjusted balance (optional) – the estimated purchasing power of your future balance
This tool uses compound interest: you earn interest on your money and on the interest already earned. If you make monthly deposits, each deposit starts earning interest from the month it’s added.
Q: Is this savings calculator free?
A: Yes. It’s 100% free to use on CalculatorDirectory.com and requires no signup.
Q: Do you store my data?
A: No. Your entries are saved locally in your browser (local storage). Clearing your browser data or switching devices will remove entries unless you export first.
Q: What’s the difference between APY and APR?
A: APY includes the effect of compounding over a year and is best for savings. APR does not include compounding and is more common for loans.
Q: My bank compounds daily. Will this still be close?
A: Yes, for typical savings rates the difference between daily and monthly compounding is small. Using APY helps align the estimate with your account’s stated rate.
Q: Can I account for inflation?
A: Yes. Add an annual inflation percentage to see your real (inflation-adjusted) future balance.
Q: Can I export my results?
A: Yes. Use the Excel or CSV export to save your inputs and results for budgeting or record-keeping.
Q: Is this financial advice?
A: No. This tool is for general information. For personalized advice, consult a qualified professional.
Disclaimer:
This calculator provides estimates based on your inputs and assumes a constant APY. Actual returns can vary. Taxes and fees are not included. Always verify figures before making financial decisions.