Calculate the future value of your savings with compound interest, monthly contributions, and rate changes. Free savings growth calculator.
Future Value
$16,215.81
Calculate the future value of your savings with compound interest, monthly contributions, and rate changes. Free savings growth calculator.
Future value = P(1+r)^n + C × ((1+r)^n − 1) / r, where P is the initial deposit, C is the monthly contribution, r is the annual rate divided by 12, and n is years times 12. When the rate is 0, future value = P + C × n.
$1,000 to start, $100 added each month, and 4% annual interest for 10 years grows to $16,215.81.
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