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EVERYDAY ANSWERS, MADE SIMPLE

Savings Calculator

Project future savings from current balance, monthly deposits, annual interest, and time.

  • ✓ 100% Free
  • ◎ Accurate Results
  • ϟ Easy to Use
  • ▣ Works on All Devices
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Savings Calculator

Project future savings from current balance, monthly deposits, annual interest, and time.

Enter values and calculate the result.

About the Savings Calculator

The Savings Calculator estimates how your savings can grow over time with regular monthly deposits and interest.

How to use it

Enter your current savings, planned monthly deposit, annual interest rate, and savings period.

Formula / Explanation

Each month: balance = previous balance × (1 + annual rate / 1200) + deposit. Deposits arrive at month-end, after interest. Fractional years round to the nearest whole month (half rounds up); below half a month there is no growth. Fees, taxes and changing rates are excluded.

Example

Rs. 100,000 initially plus Rs. 10,000 at each month-end for 5 years at 6% gives Rs. 832,585.32. Contributions total Rs. 700,000.00; estimated interest is Rs. 132,585.32. At 0% the result is Rs. 700,000.00.

Does this compound monthly?

Yes. The estimate uses monthly compounding.

Can monthly deposit be zero?

Yes. Enter 0 if you only want to grow the starting balance.

Is this guaranteed?

No. It is an estimate based on the rate you enter.

How to Use

Enter your current savings, planned monthly deposit, annual interest rate, and savings period.