Savings Calculator

Calculate savings growth and plan how to reach your financial goals

Savings Growth Calculator

Savings Growth Results

Final Balance: $48,467
Total Deposits: $41,000
Interest Earned: $7,467

Savings Breakdown

Deposits Interest
84.6% 15.4%

Growth Details

Effective Annual Rate: 4.59%
Total Months: 120
Average Monthly Growth: $29

Savings Tips & Strategies

Building Savings:

  • • Automate your savings with direct deposits
  • • Start with an emergency fund (3-6 months expenses)
  • • Use high-yield savings accounts
  • • Apply the 50/30/20 budgeting rule
  • • Save windfalls and tax refunds

Common Savings Goals:

  • • Emergency Fund: $10,000 - $30,000
  • • House Down Payment: $20,000 - $100,000
  • • New Car: $15,000 - $40,000
  • • Vacation: $2,000 - $10,000
  • • Wedding: $15,000 - $50,000

Disclaimer: This calculator provides estimates for planning purposes only. Actual savings growth may vary based on account terms, fees, and economic conditions. Interest rates are subject to change. Consider FDIC insurance limits for deposit accounts.