Savings Calculator
Calculate total savings based on initial amount, monthly contribution, interest rate, and term.
Formula
Each month: if beginning of month is selected, contribution is added first, then interest is applied; if end of month is selected, interest is applied, then contribution is added.
Source / method note
The calculation assumes a monthly compound return. Whether the monthly contribution is deposited at the beginning or end of the period is determined by user input.
Legal / official rate note
This tool is for informational estimation purposes; it is not investment advice. Actual returns, taxes, inflation, and transaction costs may change the result.
