Free Savings Calculator
Why use this calculator
Works for any goal: build savings, reach a target, or find the monthly amount you need
Real-world ready: supports APR vs APY, compounding choices, inflation, and tax on interest
Visual and transparent: breakdown of deposits vs interest, plus growth over time
Scenario B: tweak one variable and compare outcomes instantly
Export: download a printable PDF report or detailed Excel schedule
💰 Savings Calculator
Plan your savings growth — or toggle Add Scenario B below and change one or two inputs (for example, raise your monthly amount or interest rate) to see the difference.
Scenario A
Results
How to use the free Savings Calculator
1) Choose your mode
Grow money – “If I save X for Y years, how much will I have?”
Reach target – “How long will it take to reach my target amount?”
Monthly plan – “How much do I need to save each month to hit my target by a date?”
2) Enter your details
Currency – display results in USD, EUR, GBP, or NOK
Initial deposit – what you already have
Contribution amount – how much you’ll add each period (monthly, quarterly, or yearly)
Interest (% per year) – your expected annual return
Rate type – APR (nominal) or APY (effective)
Compounding – how often interest is added to the balance
Time or target – years (Grow), target amount (Reach/Monthly)
Optional – Inflation and Tax on interest for more realistic results
3) Compare a second scenario (optional)
Toggle Add compare scenario B and change one or two inputs (for example, raise your monthly amount or interest rate) to see the difference.
4) Read your results
Headline — your final amount, time to target, or required monthly savings
Breakdown — initial deposit, total contributions, and interest earned
Real value — adjusts for inflation to show purchasing power
Charts — a stacked bar (what came from you vs interest) and a line chart (growth over time)
Milestones — handy checkpoints (e.g., “You’ll hit $50k in ~6.3 years”)
5) Export & share
PDF — polished report with your inputs, key results, charts, and milestones
Excel — detailed year-by-year schedule (balance, contributions, interest)
Advanced options explained
APR vs APY
APR (nominal) splits the yearly rate across compounding periods
APY (effective) already includes compounding within the year
Compounding
Interest added monthly grows faster than interest added annually (all else equal).
Inflation
Shows the real value of your ending balance, i.e., what your savings may buy after inflation.
Tax on interest
Applies a simple annual tax to interest earned so projections are closer to take-home results.
Quick examples
Grow money: Start with $10,000, add $200/month for 10 years at 4% APR compounded monthly.
Reach target: Have $2,000 today, save $150/month at 5% APY. How long to reach $15,000?
Monthly plan: Want $50,000 in 8 years at 3.5% APR (quarterly compounding)? The tool tells you the monthly amount.
Should I use APR or APY?
If your bank quotes APY, select APY. If it quotes APR, select APR and the compounding frequency.
What compounding option should I pick?
Match how your account compounds (monthly, quarterly, or annually). If unsure, monthly is a reasonable default.
How accurate are the projections?
They’re math-accurate based on your inputs, but real returns, inflation, and taxes vary. Treat results as planning estimates.
Can I model irregular deposits or withdrawals?
This version models steady contributions. For one-offs, you can adjust the initial deposit or run a second scenario.
What does “Real value (after inflation)” mean?
It discounts your future balance by inflation, showing the expected purchasing power in today’s money.
What happens if I set the interest rate to 0%?
The calculator still works — your ending balance is your initial plus contributions.
Why is time to target “infinite” or invalid?
If your contributions and rate are too low for a high target, the math can’t reach it. Increase contributions, rate, or time.
Does tax apply to the whole balance?
No — the simple tax setting reduces the annual return on interest, approximating after-tax growth.
Can I export year-by-year details?
Yes — click Excel to download the annual schedule.
Will you store my data?
No — calculations run in your browser. Nothing is saved or sent.
About this Savings Calculator
The Eqsy.io Savings Calculator helps you understand how your money grows over time — with realistic options for compounding, inflation, and tax.
You can plan your savings goals, compare scenarios, and export detailed results to PDF or Excel for easy tracking.
Designed for clarity and accuracy, this tool gives you a complete picture of your savings journey — whether you’re building a fund, saving for a goal, or testing investment plans.
Disclaimer: This calculator is for educational purposes only and does not provide financial advice.
All calculations are processed locally in your browser and not stored or shared.
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