Savings Calculator

Use it when you want to test the exact inputs on this page: Check whether a monthly deposit is enough for a savings goal. See the difference between money you deposit and estimated interest. The result is a check against your assumptions, not proof that a lender, tax app, broker, platform, or provider will use the same number.

Current savings means the money already set aside before the new monthly deposits start. Monthly deposit means the amount you plan to add at the end of each month. Annual rate means the estimated yearly interest rate. If your bank shows APY, use this as a close planning input, not exact statement math. Target amount means the goal you want to compare against, such as an emergency fund or down payment.

It uses an estimated annual rate and monthly compounding. If your bank gives APY, the result is still useful for planning, but the bank statement can differ because APY, compounding rules, fees, and balance tiers are specific to that account.

The calculator adds monthly deposits at the end of each month. That keeps the estimate simple and avoids pretending the page knows the exact day each deposit will arrive.

A positive gap means the projected balance is still below the target. Try a larger monthly deposit, more time, a lower target, or a different rate assumption.

Yes. Enter your current emergency savings, a monthly deposit you can actually keep making, and a target amount. Then check whether the result leaves enough room for bills, debt, and other savings goals.

In plain language: The calculator compounds current savings monthly, adds each monthly deposit at the end of the month, then subtracts the projected balance from your target amount. Monthly compounding grows the current balance first. Each monthly deposit is added at the end of the month. Target gap is target amount minus projected balance.

Projected balance is the estimated ending amount. Total deposits is your current savings plus monthly deposits. Estimated interest is the growth from the rate. Target gap shows whether the plan is short or over the goal.

This is a simple savings projection. It does not include taxes, bank fees, changing rates, APY-vs-rate details, withdrawals, balance tiers, minimum balances, or account rules. Compare the estimate with the account disclosure or bank calculator before relying on the exact interest amount.

Check the current balance, monthly deposit, annual rate, years, and target amount. Then check whether taxes, bank fees, withdrawals, minimum balances, or a changing rate would move the real account.

No. The calculator runs in your browser tab. Recent answers stay only on the page while you use it, and they are not sent to a server.