Savings and compound interest calculator
See how regular deposits and compound interest grow your savings over time.
Final balance
You put in
Interest earned
Your depositsInterest
Interest compounds monthly. Tax on interest isn't included.
How to use it
- Enter your starting amount and regular deposit.
- Add the interest rate and years.
- See your final balance and interest earned.
Questions
What is compound interest?
Interest earned on your interest. Each month's interest is added to the balance, so next month you earn interest on a larger amount.
Is interest taxed?
Yes. Interest is taxable income at your marginal rate, which this calculator doesn't subtract.