Use this savings calculator to calculate how much money you’ll have when you save regularly at a fixed return on investment.
First enter the amount you plan to save each period, such as each month. Then enter how many periods you intend to save. For example, if you intend to save $500 per month for 10 years, you would enter 120 periods. Lastly, enter the annual interest rate.
Click Calc to calculate your projected total amount of money you’ll have after all investment periods have passed. You’ll also see the interest you earned and the total amount you invested, as well as what the date will be when you reach your total if you were to start today.
You can then click on Savings Schedule to see a table of how your wealth will grow. Additionally, you can click on Charts to see graphical information about your wealth generation.