Project savings value with deposits and compound interest.
The starting balance earns compound growth while each monthly deposit is valued through the annuity factor to a future total. Interest earns on interest, so even small regular deposits become surprisingly large pools over a decade or two.
Savings Growth
FV = initial x (1+i)^n + deposit x ((1+i)^n - 1)/i
FV = initial x (1+i)^n + deposit x ((1+i)^n - 1)/i The starting balance earns compound growth while each monthly deposit is valued through the annuity factor to a future total.
Interest earns on interest, so even small regular deposits become surprisingly large pools over a decade or two.
This calculator takes 4 inputs: Initial amount, Monthly deposit, Interest rate, Years. The pre-filled defaults are a realistic starting point — replace them with figures from your own environment for a result you can act on.