Savings Calculator
Calculate your savings growth over time with our free savings calculator. Plan for future goals easily with our compound interest calculator and financial planning calculator.
How to Calculate Savings | Compound Interest Calculator | Savings Growth Calculator
Our savings calculator helps you plan your financial future by calculating how your money grows with compound interest over time.
Frequently Asked Questions About Savings Calculator
❓ How to calculate savings?
Calculate savings by entering initial amount, monthly contribution, interest rate, and time period. Our calculator uses compound interest formula: A = P(1+r/n)^(nt) + PMT × [((1+r/n)^(nt)-1)/(r/n)] to show your savings growth.
❓ What is compound interest?
Compound interest is interest calculated on initial principal and accumulated interest. It grows faster than simple interest. For example, ₹1,00,000 at 8% for 10 years becomes ₹2,15,892 with compound interest.
❓ How much should I save monthly?
Financial experts recommend saving 20-30% of monthly income. Use our savings calculator to determine how much to save monthly to reach your financial goals like buying a house, education, or retirement.
❓ What is the difference between savings and investment?
Savings are low-risk deposits (savings account, FD) with guaranteed returns. Investments (stocks, mutual funds) have higher risk but potentially higher returns. Our calculator works for both savings and investment planning.