Deposit Savings Calculator

This calculator not only allows you to compute and compare the forcasted interest earnings on various investment scenarios, but it also allows you to choose the deposit and compounding intervals. No longer will you need to wonder if an investment offering a 6% return, compounded daily is better than an investment offering a 7% return, compounded annually.

To calculate the forecasted earnings of an investment, enter the beginning balance, the amount you plan to add to your investment (if any) at the specified intervals, the interest rate you expect to earn and the compounding interval, and the number of years you expect to allow your investment to grow. Since varying deposit and compounding intervals lead to very complex calculations and considering the actual earnings of an investment may be calculated using any one of several methods, the results calculated by this tool should be considered as estimates only.

Enter the initial investment ($ - optional):
Enter the addition ($):
Enter the annual interest rate (%):
Choose the compounding interval:
Enter the number of years (#):
Future value:
Total deposits:
Interest earned:

What Will You Gain Over Time?

No longer must you be a fortune teller or weather forecaster to predict the future earnings of your investment account. There is a fairly simple computation that can be performed to calculate the exact profit that you will be able to gain from any kind of savings investment, whether it be a single deposit certificate or a multiple deposit ongoing account with automatic contributions pulled right out of your primary savings account. Using a calculator eliminates the need to try to budget too far in the future without knowing what your financial circumstances might be. It also helps one to attempt to plan for big time expenses that may arise, or to keep a constant emergency fund going for the just in case scenarios.

How to Estimate Investment Gain Accurately

By feeding a few variables into this tool, you will be fed the information that you need to plan for the future and better understand the advantages you may gain from your well kept savings. The annual interest rate will play perhaps the largest role in the outcome of your cash. It may be compounded daily, weekly, monthly, quarterly or annually depending on the type of investment account you choose. In general, the more frequently your interest is compounded, the better off you are. The sooner your initial interest can begin to make interest of its own, the more cash you will be able to accrue and the bigger fortune you will build.

The other factor that will influence the status of your savings significantly is whether or not you are regularly feeding money into it on top of your initial deposit, or not. You may choose to have $200 out of your monthly income automatically added to your investment, or in the case of longer term savings you may have a setup wherein $2000 a year is moved over to your savings account from your checking. No matter what this contribution amount is, it is essential to understand that the faster this top-up money is added to your original deposit, the faster it will start making interest of its very own and the more financial gain you will eventually realize.

Of course, in the case of a certificate of deposit account, you may only find yourself making one initial deposit and capping the account after that. This allows you to practically put that money out of your mind so that it can build interest unseen until the appropriate time to withdraw the funds has arrived.

Various Investment Circumstances and Their Outcomes

A myriad of different investing scenarios, including those with variable savings, deposits, and compounding intervals, can be plugged into this calculator in order to gain a clearer picture of what the long term results of the account may be. In this way, financial forecasting gives you the freedom to go into your investment journey with a realistic expectation of the end achievements and a good understanding of what variables went into the making of the final withdrawal amount. The empowerment that comes with knowing how your money is being used by a bank or financial institution when you lend it to them or invest it with them is a valuable tool for your monetary prosperity and peace of mind.