Savings Calculator
Forecast your future savings balance with periodic contributions and interest compounding.
Calculation Inputs & Parameters
5000
(Default)
300
(Default)
5.5
(Default)
10
(Default)
Future Savings Balance
$56,508
Interest Earned
$15,508
Total Contributions
$41,000
Growth Multiplier
1.38x
How the Calculation Works
Compounds initial balance and future value of monthly annuities.
Formula: FV = P(1+r)^n + PMT [ ((1+r)^n - 1) / r ]
Practical Worked Example
Given Inputs: 5,000 initial + 300/mo at 5.5% for 10 yrs
Calculated Output: Total: ~57,984 (16,984 interest)
- Compound principal and monthly stream over 120 cycles.