Savings Growth Calculator

Calculate how your savings will grow over time with compound interest

💰 Savings Details

Initial Amount ($)

Monthly Contribution ($)

Annual Return (%)

Time Period (years)

📊 Growth Results

💰

Enter your savings details and click calculate to see how your money will grow!

💰Formula

Final Amount = Principal × (1 + Rate)^Years + Monthly × [((1 + Rate)^Years - 1) / Rate]

💡How it works

Compound interest grows your money exponentially. Your principal earns interest, and that interest earns interest too, creating a snowball effect over time.