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Forecast the future of your money with our free calculator

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Determine how much you can save to secure your financial future.

It can be a struggle to take those first moves to begin saving for the future. The first step is deciding how much you need to sock away to meet your goals, and a calculator can help forecast your finances and help you plan for any unexpected bumps in the road there.

Calculate your savings

With so many types of savings accounts on the market, it can be hard to know which savings account is right for you. Once you’ve determined your savings style and have an idea of how much money you can put away weekly or monthly, use our calculator to compare interest rates and see the difference it can make to your savings goals.

To use this calculator, you’ll need to input:

  1. The initial amount you’ll deposit into your account. This can be $0.
  2. The amount you’ll deposit each week or month.
  3. The interest rate you’ll earn.
  4. The number of years you plan to save.

The calculator totals the amount of money you’ll have at the end of the savings term, along with a breakdown of how much of the total is interest compared to how much you’ve deposited.

Why use a calculator?

Calculators are a fast, accurate way to predict how your money grows over time. They can also help you realize what you spend your money on each month so you can identify how to improve your spending.

Remember that a calculator is only as accurate as the information you put into it. If you don’t accurately represent your spending patterns, your results won’t be accurate. Be honest about what you’re willing to set aside each week or month to get an accurate projection.

Compare savings accounts

Name Product Fee Minimum deposit to open Minimum balance to earn interest APY
$0
$0
$1
2%
Enjoy no monthly fees and a competitive APY with this online-only savings account.
$0
$100
$0
2.15%
A super-high interest rate if you're in the habit of saving at least $100 per month or have $25K in the bank.
$0
$0
$0
1.9%
Earn one of the highest interest rates without the fees.
$0
$0
$0
1.9%
The most common services and transactions are free with Ally Bank.
$15 per month
(can be waived)
$25
$0
1.8%
Earn one of the highest interest rates if you have at least $10,000 in savings, and access your money by ATM, check or bill pay.
CIBC Agility Savings
CIBC Agility Savings
$0
$1,000
$0.01
2.16%
With no maintenance fees, it's easy to grow your savings. Put your money to work with an online account from CIBC Bank USA.

Compare up to 4 providers

Frequently asked questions

Picture: Shutterstock

Ryan Brinks

Ryan Brinks is an assistant publisher for finder.com, where he melds years of experience in business news and online content into creating helpful banking and investing articles. He's passionate about leveraging resources and innovation to streamline success. Of course, he's also passionate about his family and serving his community.

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