A familiar situation
Planning a cash reserve for a move or emergency? Enter what you have saved and a realistic monthly deposit, then see how the timeline and assumed interest affect the projected total.
How to use this calculator
- Enter starting balance, contribution per month, assumed annual return and the remaining inputs.
- Select Calculate to see the answer and its breakdown.
- Keep a scenario, change an input and compare the results.
Use consistent units and check the assumptions below before applying the result.
How savings is calculated
The projection compounds the opening balance monthly and treats each regular contribution as arriving at month end. It is a scenario with a steady return, not a forecast of market performance. Formula: Ending savings = compounded starting amount plus future value of monthly deposits. Use the displayed details to inspect the intermediate amounts and replace example assumptions with terms from your own quote or records.
Ending savings = compounded starting amount plus future value of monthly deposits.Saving $300 monthly for 5 years at 3%, with no starting balance, reaches about $19,400.
Assumptions & useful context
Constant monthly compounding is illustrative; returns vary and the estimate is before taxes, fees and inflation.
Financial projections use your assumptions. Actual returns, lender terms, fees and tax rules can differ; these results do not guarantee a future outcome.
Frequently asked questions
Savings Calculator: what does the result include?
Each contribution is added at the end of the month, so it earns interest only in later periods. Deposits at the beginning of a month would produce a slightly higher estimate.
Savings Calculator: which assumptions matter most?
No. It repeats one annual rate to illustrate compounding; actual returns vary and fees, taxes and inflation reduce spending power.