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Savings and Investment Calculator

This calculator helps estimate the future value of your savings or investments based on regular contributions, interest rate, and time period. It’s ideal for individuals and financial planners looking to grow wealth and achieve long-term financial goals.

Future Value of Savings & Investment Tool

Input Fields
P
$
Amount you save or invest each month
r
%
Expected yearly interest or return rate
n
years
How long you plan to invest (in years)
If enabled, the result will update automatically when you change any value.

Savings / Investment Growth Formula

Formula
$$FV = P \times \left( \frac{(1 + r)^n – 1}{r} \right)$$

Where:

  • $$FV$$ = Future Value
  • $$P$$ = Regular Contribution
  • $$r$$ = Interest Rate per Period
  • $$n$$ = Number of Periods

Explanation:
This formula calculates the accumulated amount after making regular contributions into a savings or investment account, earning compound interest over time.

This calculator is useful for:

  • Retirement and college savings planning
  • Investment growth projection
  • Comparing savings options with different interest rates

Example Variables:

  • Monthly Contribution: $200
  • Interest Rate: 6% annually
  • Duration: 10 years
  • $$FV = 200 × ((1 + 0.005)^120 – 1) / 0.005 = \approx \$33,058$$

Use Cases:

  • Building emergency or retirement funds
  • Investment goal planning
  • Estimating returns on recurring deposits
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