Savings Calculator – Monthly Contributions & Compound Growth
Project your savings growth over time with regular monthly contributions and compound interest. See exactly how much of your final balance comes from your own contributions versus earned interest — and how starting earlier dramatically increases your results.
$
$
%
yr
Your Savings Projection
Final Balance
$280,657
Total Contributions
$125,000
Interest Earned
$155,657
Interest % of Total
55.5%
Savings Calculator FAQs
How much should I save each month?
The standard recommendation is 20% of your income, but even small amounts add up. Investing $200/month at 7% annual return grows to over $242,000 in 30 years. The key is consistency — start with whatever you can and increase contributions over time.
What is a good savings rate?
A 20% savings rate is considered solid; 50% is aggressive and the path to early retirement (FIRE). Track your savings rate as: (Income - Expenses) / Income × 100. Use our calculator to see how different rates affect your long-term results.
Where should I keep my savings?
Emergency fund (3-6 months expenses): high-yield savings account. Short-term goals (1-5 years): CDs or money market. Long-term (>5 years): index funds in a brokerage account, IRA, or 401(k) for tax advantages.
Related Calculators
More tools to help with your savings & interest planning