Savings Calculator - Interest Growth Projection Online
Calculate how your savings grow over time with regular deposits and compound interest.
How to use this calculator
👉 Fill in the boxes below and your answer appears instantly — no maths needed, we do it all for you! 🎉
In plain English — what does this do?
🌱 When you save money in a bank, the bank gives you a small gift (called interest) for keeping it there. Then next year, you get a gift on your gift too! This tool shows how much your money will grow over time.
A savings calculator projects the total value of your savings account or investment over time, combining a one-time initial deposit with ongoing monthly contributions and a compounding interest rate. It shows how regular saving habits, even modest ones, can accumulate into a significant corpus through the power of compound interest over years or decades.
Total Savings
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Amount Deposited
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Interest Earned
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Wealth Gain
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What is Savings Calculator - Interest Growth Projection Online?
A savings calculator projects the total value of your savings account or investment over time, combining a one-time initial deposit with ongoing monthly contributions and a compounding interest rate. It shows how regular saving habits, even modest ones, can accumulate into a significant corpus through the power of compound interest over years or decades.
How to use it
- 1️⃣ Enter any initial lump-sum savings you already have.
- 2️⃣ Enter the monthly amount you plan to add consistently.
- 3️⃣ Input the annual interest rate your savings will earn.
- 4️⃣ Enter the number of years you intend to save.
- 5️⃣ The total savings, amount deposited, interest earned, and wealth gain percentage are calculated instantly.
Formula
💡 See it in action — a real example
❓ Common questions
- How much should I save each month?
- A widely used rule of thumb is to save at least 20% of your monthly income (the 50/30/20 rule). Automate contributions so saving happens before spending, and increase the amount with every pay rise.
- What interest rate should I use for a savings account?
- Indian savings accounts typically offer 2.5–7% per annum. High-yield savings accounts or liquid mutual funds may offer 6–7.5%. Use the actual rate from your bank for accurate projections.
- Does the order of deposits matter?
- Contributions made earlier benefit from more compounding periods. Starting your savings habit even one year earlier can meaningfully increase your final corpus, which is why financial advisors stress starting early.
- How is this different from an FD calculator?
- An FD calculator handles a single lump-sum deposit with no monthly additions. This savings calculator models both an initial deposit and regular monthly contributions, reflecting real-world saving behaviour more accurately.
- What if I stop contributing midway?
- If you stop monthly contributions, your existing balance continues to compound. You can use the calculator to model this by setting the monthly contribution to zero and running a second calculation from the point you stopped.