Banking · Calculator

Savings Calculator

Estimate how a starting balance, regular contributions, and APY can grow over time — and what it takes to hit a specific savings goal.

Banking · Calculator

Account Snapshot

APY

4.35%

Saved

$8.4k

Goal

63%

Trend · 12 mo▲ on track

PersonalizedUpdated today

Your inputs

Starting savings balance

Monthly contribution

APY

Savings goal

Time horizon (years)

Contribution frequency

Compound frequency

Monthly contribution is converted to your selected contribution frequency for the projection (e.g. $300/month ≈ $69.23/week).

Your results

Projected balance in 10 yr

$48,493

Total contributions

$36,000

Estimated interest earned

$10,493

Time to reach goal

10 yr 4 mo

Goal: $50,000

Monthly needed to hit goal

$309.96

In 10 yr at 4.5% APY

Projected growth

Balance Contributions

Estimates only. Actual returns depend on the bank's APY (which can change at any time for variable-rate accounts), the timing of deposits, taxes on interest, and fees.

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Based on your savings goal, deposit amount, timeline, and preferences, Finance Choices can help you compare banking tools, savings accounts, and financial resources that may fit your needs.

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Finance Choices calculators and simulators are for educational and informational purposes only. Results are estimates and may not reflect your actual loan terms, insurance premium, credit eligibility, interest rate, savings, repayment timeline, approval odds, or total cost. Finance Choices does not provide legal, tax, insurance, mortgage, or financial advice. Partner offers may vary based on credit profile, income, debt, location, property details, insurance history, lender criteria, underwriting guidelines, and other factors.