The savings calculator can be used to estimate the end balance and interest of savings accounts. It considers many different factors such as tax, inflation, and various periodic contributions. Negative starting balances or contribution values can be used.
Simulate compounding interest across multiple deposit frequencies, contribution escalation rates, and tax drag.
| Year | Beginning Balance | Deposit | Interest | Ending Balance |
|---|---|---|---|---|
| Year 1 | $20,000.00 | +$25,000.00 (incl. init) | +$600.00 | $25,600.00 |
| Year 2 | $25,600.00 | +$5,150.00 | +$768.00 | $31,518.00 |
| Year 3 | $31,518.00 | +$5,304.50 | +$945.54 | $37,768.04 |
| Year 4 | $37,768.04 | +$5,463.64 | +$1,133.04 | $44,364.72 |
| Year 5 | $44,364.72 | +$5,627.54 | +$1,330.94 | $51,323.20 |
| Year 6 | $51,323.20 | +$5,796.37 | +$1,539.70 | $58,659.27 |
| Year 7 | $58,659.27 | +$5,970.26 | +$1,759.78 | $66,389.31 |
| Year 8 | $66,389.31 | +$6,149.37 | +$1,991.68 | $74,530.36 |
| Year 9 | $74,530.36 | +$6,333.85 | +$2,235.91 | $83,100.12 |
| Year 10 | $83,100.12 | +$6,523.87 | +$2,493.00 | $92,116.99 |
* This calculator assumes the contributions are made at the end of each period.