Savings Calculator

Calculate savings goals, compound interest, and track your financial progress

✓ Goal planning ✓ Compound interest ✓ Progress tracking

Savings Calculator

Savings Goal

Current Savings

Additional Options

About This Calculator

Plan and track your savings goals with compound interest calculations

Compound Interest Formula:

A = P(1 + r/n)^(nt) + PMT × [((1 + r/n)^(nt) - 1) / (r/n)]

Savings Tips

Automate: Set up automatic transfers
Start Small: Even $25/month helps
High-Yield: Use high-interest accounts
Emergency First: 3-6 months expenses
Track Progress: Review monthly
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How to Use

  1. Set your savings target amount
  2. Choose your time horizon
  3. Enter current balance and monthly deposits
  4. Set interest rate and compounding frequency
  5. Add optional parameters like inflation
  6. Review your savings plan and progress

Savings Strategies

50/30/20 Rule

50% needs, 30% wants, 20% savings and debt.

Pay Yourself First

Save before spending on discretionary items.

Emergency Fund

Build 3-6 months of expenses first.