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Saving Calculator

💰 Savings Growth Calculator

Calculate how your savings will grow over time • Future value • Inflation adjusted

4% is a (fairly) high rate of return
2% is the Bank of England target for inflation

📊 Your Savings Projection

Your savings will be worth Future value (nominal)
£0.00
In today's money (inflation adjusted) Real value
£0.00
Total interest earned
£0.00

📋 Input Summary

Starting balance
£0.00
Monthly deposit
£0.00
Total contributions
£0.00
Interest rate
0%
Inflation rate
0%
Time period
0 years

📋 How savings growth is calculated

Future Value (Nominal): Compound interest formula applied monthly. Starting balance grows with monthly deposits and monthly compounding interest.

Inflation Adjusted (Real Value): Future value discounted by average annual inflation rate over the same period.

💡 Rate guidelines: 4% is a (fairly) high rate of return while 2% is the Bank of England target for inflation. Do please change these rates as you wish.

💡 Formula: Future Value = Σ (contributions × (1 + r/12)^(n×12)) | Real Value = Future Value ÷ (1 + inflation)^years