Interest Savings Calculator
Calculate compound interest on your savings. Estimate future value, interest earned, and growth over time for your savings accounts and investments.
Step 1: Savings Details
%
Compound Interest
Compound interest means you earn interest on both your initial deposit and the accumulated interest from previous periods.
Step 2: Time & Settings
years
%
Inflation Impact
Inflation reduces the purchasing power of money over time. Adjusting for inflation shows the real value of your savings.
Savings Growth Projection
Summary
Yearly Breakdown
Rate Comparison
Future Value of Savings
$32,478.12
After 10 years at 4.5% interest
Total Contributions
$29,000.00
Total Interest Earned
$3,478.12
Tax on Interest
$521.72
Real Value (Inflation Adjusted)
$25,382.15
Year-by-Year Breakdown
| Year | Beginning Balance | Contributions | Interest Earned | Ending Balance |
|---|
Interest Rate Comparison
Compound Interest Formula
A = P(1 + r/n)nt + PMT × ((1 + r/n)nt – 1) / (r/n)
A = Future value | P = Principal | r = Annual interest rate | n = Compounding periods per year | t = Time in years | PMT = Regular contributions
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