Savings Calculator
Plan your financial future by calculating compound interest and growth over time.
How to Use This Calculator
Enter your initial investment amount, monthly contributions, expected interest rate, and time period to see how your savings will grow over time. You can select your preferred currency from the dropdown menu.
Understanding Compound Interest
Compound interest is the process where the interest you earn also earns interest over time. This creates a snowball effect that accelerates your savings growth the longer you invest.
Tips for Maximizing Your Savings
- Start early - even small amounts can grow significantly over long periods
- Be consistent with your contributions
- Consider increasing your monthly contribution over time
- Higher interest rates have a dramatic effect over long time periods
- Reinvest your earnings whenever possible