Smart Savings Calculator
Watch your money grow. Calculate how much your monthly savings will accumulate over time with the power of compound interest.
Compounding
Interest on interest
Goal Tracking
Plan for big purchases
Flexibility
Lump sum + Monthly
Growth View
Yearly breakdown
What is a Savings Calculator?
A financial tool that helps you project how much your investments will grow over a specific period, factoring in monthly contributions and compound interest.
Your Wealth Building Engine
Saving money is the first step towards financial freedom. Whether you are putting money in a Savings Account, Recurring Deposit (RD), or a Debt Fund, earning interest on your interest (compounding) accelerates your growth. This calculator simulates that growth.
Principal vs Interest
It clearly separates the money you deposited from the money your money earned for you.
Consistency Matters
See how small regular contributions (SIPs/RDs) can outperform a one-time lump sum over long periods.
Rate of Return
Experiment with different interest rates to see how better investment vehicles impact your final corpus.
Dual Inputs
Start with an initial lump sum and add monthly contributions to simulate real-world savings scenarios.
Visual Breakdown
Interactive charts help you visualize the proportion of your own money vs the interest earned.
Yearly Schedule
A detailed year-by-year table showing opening balance, deposits, interest earned, and closing balance.
Why Use Our Calculator?
Instant Projections
Get immediate results without needing complex Excel spreadsheets or formulas.
Flexible Scenarios
Adjust interest rates to compare Savings Accounts (3-4%) vs FDs (6-7%) vs Mutual Funds (10-12%).
Goal Clarity
Find out exactly how long it will take to reach that ₹10 Lakhs or ₹1 Crore milestone.
Savings Calculator
Plan your financial goals with compound interest.
Start balance (Optional)
How to Use the Savings Calculator
Three easy steps to forecast your financial future.
Enter Contribution Details
Enter any initial lump sum you have. Then, input how much you plan to save and deposit every month (e.g., ₹5,000).
Set Rate & Duration
Input the expected annual interest rate (e.g., 6% for FD/RD) and the number of years you plan to keep investing.
View Growth
Click 'Calculate Growth' to see your Maturity Value, total interest earned, and a detailed year-by-year progression.
Decoding Savings Growth
Understand the mechanics behind wealth building.
| Term | Definition | Impact |
|---|---|---|
| Principal | The money you deposit. | The base of your investment. |
| Compound Interest | Earning interest on interest. | Accelerates growth over time. |
| Maturity Value | Final amount at end of term. | Principal + Total Interest. |
| Inflation | Rise in cost of living. | Reduces purchasing power of savings. |
Why Save?
Turning disciplined habits into financial freedom.
Emergency Fund
Experts recommend saving 6 months of expenses. Use this calculator to determine how much you need to set aside monthly to build this safety net in 1 or 2 years.
Big Purchases
Planning for a down payment on a house, a dream car, or a wedding? Calculate exactly how much you need to save monthly to reach your target by the deadline.
Where to Park Money?
Compare different avenues for your monthly savings.
Fixed Deposit / RD
Guaranteed returns. Best for goals 1-3 years away.
Mutual Funds
Market linked returns. Best for goals 5+ years away.
Who Should Use Savings Calculator?
Everyone with a financial goal can benefit from clear projections.
Students & Young Earners
Saving for a bike, a laptop, or a post-grad degree? Even small amounts like ₹1000/month can grow significantly over 3-4 years.
Families
Planning for a vacation or building a rainy day fund? Use the calculator to see how increasing your monthly contribution shortens the time to reach your goal.
Car Purchase Plan
See how saving for 5 years adds up.
Saving for 5 Years
Scenario: ₹10,000 Initial + ₹5,000 Monthly @ 7% Interest
Result: Regular saving creates a substantial corpus for a down payment on a car.
Trusted by Thousands for 100+ Free Online Tools
Join a growing community of creators, developers, and businesses who rely on our all-in-one tools platform for secure, fast, and free online tools. Your trust is our top priority—no sign-ups, no hidden costs, and complete privacy.
Frequently Asked Questions
Common queries about Savings.
How often is interest compounded?
It depends on the instrument. Savings accounts usually pay interest quarterly or half-yearly. RDs compound quarterly. Mutual funds compound daily (reflected in NAV). This calculator uses monthly compounding for a general estimate.
How much should I save?
A popular rule is 50/30/20: 50% of income for needs, 30% for wants, and 20% for savings/investments. However, you should save as much as your budget allows.
Does inflation affect my savings?
Yes. If inflation is 6% and your savings earn 4%, your real money value is decreasing. To beat inflation, consider diversified investments like Equity Mutual Funds for long-term goals.