Savings Calculator
Project a regular savings habit into a future lump sum.
Projected growth
Hover, tap, or use the arrow keys on the chart to inspect values for each period.
Future value
₹2,12,022
Total deposited
₹1,80,000
Interest earned
₹32,022
Year-by-year savings growth
| Period | Deposited | Value |
|---|---|---|
| Yr 1 | ₹36,000 | ₹37,092 |
| Yr 2 | ₹72,000 | ₹76,668 |
| Yr 3 | ₹1,08,000 | ₹1,18,895 |
| Yr 4 | ₹1,44,000 | ₹1,63,950 |
| Yr 5 | ₹1,80,000 | ₹2,12,022 |
How this is calculated
Assumes each deposit is made at the end of the month and interest compounds monthly at a fixed rate, the same math a recurring deposit account uses.
How to use this calculator
- Enter your monthly deposit.
- Enter the expected annual interest rate.
- Choose the saving period.
- Review deposits, estimated interest, and future value.
What your result means
The future value is your estimated deposits plus interest. The table shows how the balance may build each year under the selected fixed rate.
How it is calculated
The calculation uses an ordinary annuity: deposits are assumed to be made at the end of each month and interest compounds monthly.
Example
Saving ₹3,000 per month for 5 years at 6.5% shows how regular deposits can grow into a larger balance than contributions alone.
Assumptions and limitations
- Deposits are made at the end of each month.
- The interest rate remains constant.
- Taxes, TDS, account fees, and missed deposits are not included.
Frequently asked questions
Is this the same as a bank recurring deposit?
It uses a similar recurring-deposit assumption, but actual bank products may use different compounding, tax, and payout rules.
What happens if the rate is zero?
The result becomes the total amount deposited, with no interest added.