Future Savings Calculator

Project Your Savings

Initial Principal ($)

Monthly Contribution ($)

Annual Interest Rate (%)

Duration (Years)

How to Use This Calculator

Fill in the required fields below and click "Calculate" to see a projection of your savings. The results will appear below, along with a detailed explanation of the formulas used.

Field Explanations

Initial Principal: The amount of money you are starting with.
Monthly Contribution: The amount you plan to add each month.
Annual Interest Rate (APY): The yearly interest rate your savings will earn.
Duration (Years): The total number of years you plan to save.