What could my recurring savings grow to?

Different factors can impact the growth of your savings over time such as the frequency of deposits and the rate of compounding. Use this calculator to determine the future value of your recurring savings and any existing balance you might have accumulated.

Enter your values and select Calculate.

The ending balance is your projected total after the term you set: your deposits plus the interest they earned along the way, assuming the rate and compounding you entered hold steady the whole time. Total deposits and total interest below it show how much of that figure came from your own contributions versus growth on the money already there.

Two inputs move this result the most: the recurring deposit amount and the interest rate. A larger or more frequent deposit adds up steadily and predictably, while the interest rate compounds — so small changes in rate matter more the longer the term runs. Try adjusting each one to see which has more pull on your particular numbers.

This projection assumes a constant rate for the entire term, and it doesn't account for taxes on interest, account fees, or inflation eating into purchasing power. Real savings accounts often have variable rates, and your own ability to keep depositing may change too. Treat the ending balance as a reasonable estimate under steady conditions, not a guarantee.

It's worth revisiting this whenever your rate changes, you get a raise that lets you save more, or you're deciding between this and another savings vehicle. Having a concrete number to work from — even one built on assumptions — puts you ahead of guessing, and small increases to your recurring deposit now can make a real difference by the time the term is up.

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.