What could my current savings grow to?

Compound interest can have a dramatic effect on the growth of regular savings and lump sum deposits. Use this calculator to determine the potential future value of your savings.

Savings

Initial balance or deposit ?

The amount you're starting with today.

Annual savings amount ?

How much you plan to add each year.

Number of years for the analysis ?

How long you plan to keep saving and growing this balance.

Advanced options 1

Annual increase in contributions ?

How much you expect your yearly savings amount to grow each year, such as with raises.

Assumptions

Before-tax return on savings ?

The annual growth rate you expect on this money before taxes.

Table of Historic Rates of Return. Inflation 2.9%, U.S. Treasury Bills 3.3%, Long-term Government Bonds 5.0%, U.S. Large-Company Stocks 10.4%, and U.S. Small-Company Stocks 11.8%. Past performance is no guarantee of future results. Source: Ibbotson SBBI 1926-2024

Advanced options 1

Marginal tax bracket ?

The tax rate applied to investment earnings each year.

Table of Federal Income Brackets and Rates. Tax Rate For Single Filers For Married Individuals Filing Joint Returns For Heads of Households 10% $0 to $11,925 $0 to $23,850 $0 to $17,000 12% $11,925 to $48,475 $23,850 to $96,950 $17,000 to $64,850 22% $48,475 to $103,350 $96,950 to $206,700 $64,850 to $103,350 24% $103,350 to $197,300 $206,700 to $394,600 $103,350 to $197,300 32% $197,300 to $250,525 $394,600 to $501,050 $197,300 to $250,500 35% $250,525 to $626,350 $501,050 to $751,600 $250,500 to $626,350 37% $626,350 or more $751,600 or more $626,350 or more.

Enter your values and select Calculate.

The total accumulation figure shows what your savings could be worth after the number of years you set, once estimated taxes on investment growth are taken out along the way. It is a projection built on steady assumptions, not a guarantee — actual markets move up and down, and real returns are rarely a smooth straight line like the one used here.

Two inputs do most of the work in this result: your before-tax return and your annual savings amount. A small change in the return you assume can shift the ending balance by a large margin over many years, and so can raising how much you contribute each year, especially if you also let that contribution grow through the annual increase input.

This model does not account for inflation, account fees, changes in tax law, or shifts in your income or goals over time. The tax bracket you enter is applied as a flat rate to investment gains each year, which is a simplification of how real tax rules often work.

It is worth revisiting this projection whenever your income, savings rate, or tax situation changes, or roughly once a year as part of a regular check-in. Bringing the numbers to a financial advisor can help translate this projection into an actual plan. Having a number to start from, and adjusting it as your life changes, matters more than getting it exactly right on the first try.

This information may help you analyze your financial needs. It is based on information and assumptions provided by you regarding your goals, expectations and financial situation. The calculations do not infer that the company assumes any fiduciary duties. The calculations provided should not be construed as financial, legal or tax advice. In addition, such information should not be relied upon as the only source of information. This information is supplied from sources we believe to be reliable but we cannot guarantee its accuracy. Hypothetical illustrations may provide historical or current performance information. Past performance does not guarantee nor indicate future results.