How this calculator works
Enter the values for starting balance, monthly deposit, annual rate (%), years. The result applies the displayed method and rounds only for presentation.
Formula / method
Future value = initial × (1 + r)^m + deposit × (((1 + r)^m − 1) ÷ r)
Worked example
Worked example: Starting balance = 1000; Monthly deposit = 300; Annual rate (%) = 4; Years = 5.
Assumptions and limitations
The inputs use the units shown and the displayed savings calculator method applies to the situation being estimated.
This savings calculator uses the stated formula and supplied units; unusual inputs, local rules or professional context can change the interpretation.
Informational only: this estimate is not financial advice. Actual rates, fees, taxes and lender or market terms may differ.