Calculate savings, monthly contributions and achievement of financial goals
Calculate savings, monthly contributions and achievement of financial goals
Enter your savings parameters and click 'Calculate'
Savings calculator is a professional tool for calculating savings, planning investments and achieving financial goals. Using our calculator, you can calculate your monthly installments, total savings amount, interest income and time frame for achieving your financial goals. The calculator takes into account different types of interest: simple interest, compound interest and savings without interest.
The savings calculator provides many benefits for financial planning:
Effective savings strategies include:
For successful savings and investing:
Savings calculator is a professional tool for calculating savings, planning investments and achieving financial goals. Using our calculator, you can calculate your monthly installments, total savings amount, interest income and time frame for achieving your financial goals. The calculator takes into account different types of interest: simple interest, compound interest and savings without interest.
Let's look at several practical examples of using the savings calculator:
Goal: 3,000,000 rubles over 5 years with a monthly payment of 50,000 rubles at 8% per annum with compound interest.
Total amount: 3,750,000 ₽, interest income: 750,000 ₽, goal achieved in 4 years 8 months
Monthly contributions of 30,000 ₽ for 20 years at 10% per annum with capitalization of interest.
Total amount: RUB 22,800,000, interest income: RUB 15,600,000, effective rate: 10.47%
Creation of a reserve fund of 500,000 rubles for 2 years with an initial amount of 50,000 rubles at 6% per annum.
Monthly payment: 18,500 ₽, total amount: 500,000 ₽, interest income: 6,000 ₽
Saving 1,500,000 rubles for a child’s education over 10 years with a monthly contribution of 10,000 rubles without interest.
Total amount: 1,200,000 ₽, missing amount: 300,000 ₽, the contribution needs to be increased to 12,500 ₽
The calculation of savings depends on the selected type of interest and savings parameters. Our calculator uses precise mathematical formulas for each type of savings.
Without interest: Total amount = Initial amount + (Monthly payment × Number of months)
Simple Interest: Interest is calculated only on the original amount.
Compound interest: Interest is calculated on an ever-increasing amount based on monthly installments
Effective savings strategies include:
Automation of savings through bank deposits and investment accounts
Investing in stocks, bonds, mutual funds and other financial instruments
Personal budget planning and expense control
Creating a reserve fund for unforeseen situations
The savings calculator provides many benefits for financial planning:
Accurate planning of financial goals and deadlines for achieving them
Calculation of the effect of compound interest for maximum profitability
Flexibility in choosing savings and investment strategies
Developing financial discipline and saving habits
For successful savings and investing:
Start with small amounts and gradually increase contributions
Be consistent with your monthly savings
Regularly review financial goals and strategies
Be patient—savings take time
To calculate the monthly installment, use the annuity formula taking into account the target amount, accumulation period and interest rate. Our calculator automatically calculates the required monthly contribution to reach your financial goal.
Simple interest is calculated only on the original amount, while compound interest is calculated on the amount that includes previously accrued interest and monthly installments. Compound interest provides higher returns over long periods of accumulation.
When choosing an interest rate, consider inflation, risk, and your financial goals. Compare deposit offers from banks, consider investment instruments taking into account their profitability and risks.
An emergency fund is money for unexpected expenses, usually equal to 3-6 months of income. Use the calculator to determine the required amount and timing of creating a reserve fund.
To calculate pension savings, determine the desired amount for pension, the period until retirement and your ability to make monthly contributions. Use the calculator with interest capitalization for maximum profitability.
Yes, savings parameters can be changed depending on changes in the financial situation. Regularly review your goals, increase contributions as your income grows, and adjust your savings strategy.
To save for education, determine the cost of education, the period until your child enters university and your ability to make monthly contributions. Consider the rising cost of education and use long-term investment tools.
Financial goals are specific amounts of money that you want to save by a certain date. Goals should be measurable, achievable, relevant and time-bound (SMART principle).
To save for real estate, determine the purchase price, the size of the down payment, the savings period and your ability to make monthly contributions. Take into account rising real estate prices and use the calculator for planning.
Deposits with interest capitalization, savings accounts, IIS and other banking products are suitable for savings. Compare terms, interest rates and options for depositing and withdrawing funds.
To account for inflation, use the real interest rate, which is the nominal rate minus the inflation rate. This will help you understand the real purchasing power of your savings.
Automation of savings is the automatic transfer of a certain amount from the main account to a savings account or deposit. This helps maintain savings discipline and not forget about monthly contributions.
To save for a vacation, determine the cost of the trip, the period until the vacation and your ability to make monthly contributions. Use short-term deposits or savings accounts with early withdrawal options.
Investment savings is investing money in various financial instruments (stocks, bonds, mutual funds) in order to receive income above inflation. Such savings are suitable for long-term financial goals.
To save for a wedding, determine the budget for the event, the period before the wedding and your ability to make monthly contributions. Consider all expenses: dress, rings, banquet, photographer and other services.