Savings and compound interest calculator - final amount and interest earned

Savings & Compound Interest Calculator

See how your savings grow over time with regular monthly contributions and compound interest.

Enter how much you already have on your savings account or plan to deposit at start.

Specify how much you plan to add to your savings every month.

Use expected annual yield for your deposit or investment account.

Specify how long you plan to save in months (120 = 10 years).

Final savings amount
2,319,153.94
Your contributions
1,300,000.00
Interest earned
1,019,153.94

How to use the FinKeeper savings and compound interest calculator

The FinKeeper savings calculator helps you understand how regular monthly contributions and compound interest work together, so you can plan long-term goals such as an emergency fund, education or retirement.

What data to enter for an accurate calculation

Provide four parameters: initial amount you already have, monthly contribution, annual interest rate and the saving term in months. The calculator assumes monthly compounding, which is typical for many deposit and investment products.

How to interpret the calculator results

You will see three key numbers: final amount on your account, total contributions and interest earned. The difference between the final amount and your contributions shows how much your money worked for you due to compound interest.

When the savings calculator is most useful

Use the calculator to evaluate how quickly you can reach a target amount, compare different saving strategies, test the effect of increasing monthly contributions or changing the rate, and better integrate long-term savings into your personal financial plan.