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Savings calculator
Compound interest with monthly amounts, SIP and step-up SIP, a lump sum, fixed and recurring deposits, and money taken out each month. Free, with no account or uploads.
What are you saving with?
Putting in each monthBest for mostSIP, savings planA monthly amount, growing at the rate you assume.A lump sumOne amountOne amount left to grow.BothCompound interestA starting amount and a monthly one together.A fixed depositFD, CDA deposit at a fixed rate, compounded as the bank does.A recurring depositRDThe same deposit each month for a fixed term.Taking money outSWP, drawdownHow long a sum lasts when you take some out each month.
Your own assumption: real returns go up and down.
For
1 year3 years5 years10 years15 years20 years25 years30 yearsYour own
If it grew at 7% every year
$34,617 after 10 years
$24,000 put in and $10,617 of growth. Real returns go up and down; this is the arithmetic of one steady rate.
At 7% money doubles in about 10.3 years by the rule of 72; exactly 10.2.
Put inGrowth
Show the numbers as a table
| Year | Put in | Growth |
|---|---|---|
| Year 1 | $2,400 | $79 |
| Year 2 | $4,800 | $336 |
| Year 3 | $7,200 | $786 |
| Year 4 | $9,600 | $1,442 |
| Year 5 | $12,000 | $2,319 |
| Year 6 | $14,400 | $3,432 |
| Year 7 | $16,800 | $4,800 |
| Year 8 | $19,200 | $6,440 |
| Year 9 | $21,600 | $8,372 |
| Year 10 | $24,000 | $10,617 |
Interest is compounded
YearlyQuarterlyMonthlyDaily
Each month's money goes in
At the start (SIP)At the end
A step-up: each year's monthly amount is this much more than the last.
This is arithmetic on the numbers you type, not financial advice. Rates, fees and rules differ by lender and place. Worked out in your browser; nothing you type is sent anywhere.
A little help along the way
Follow these steps. Every option is explained underneath. Everything runs in your browser; nothing is sent anywhere.
- Say what you are saving withMoney each month, a lump sum, both, a fixed or recurring deposit, or taking money out.
- Type the amounts and a rateThe rate is your own assumption; real returns go up and down.
- Choose the yearsCommon lengths are one press away.
- Read the answerWhat it comes to, what you put in and what it grew by, and when it doubles.
Every option explained
- Compounding
- Yearly, quarterly, monthly or daily, turned into an equal monthly rate so periods are never mixed.
- Start or end of month
- SIPs usually put money in at the start of each month; choose either.
- Step-up
- Raise the monthly amount by a per cent each year.
- Today's money
- Divided by inflation for each year, to compare with prices now.
- Not advice
- This is arithmetic on the numbers you type, not financial advice. Rates, fees and rules differ by lender and place.