Savings Calculator

Calculate how much your regular monthly savings will grow to, given the monthly amount, expected interest rate, and number of years.

Free to use
Accurate results
No registration required
Works on all devices

Enter your monthly savings amount, expected interest rate, and number of years to calculate your total maturity value.

Monthly savings amount *

₹

The fixed amount you save every month.

Expected annual interest rate *

The annual rate of return or interest you expect on your savings.

Number of years *

How many years you plan to keep saving.

Your result

₹3,60,052.63

Maturity value

Total amount saved₹3,00,000

Total interest earned₹60,052.63

AI explanation

Formula

Maturity value = P × (((1+i)^n − 1) / i) × (1+i), i = monthly rate, n = number of months

Worked example

₹5,000/month for 5 years at 7% interest

Worked example: ₹5,000/month for 5 years at 7% interest
Field	Value
Monthly savings amount	5000
Expected annual interest rate	7
Number of years	5
Maturity value	360052.63
Total amount saved	300000
Total interest earned	60052.63

Assumptions

Assumes a deposit at the start of each month (annuity-due convention) and a fixed annual interest rate for the entire period.
Works for any regular monthly savings instrument — a recurring deposit, SIP, or simple savings plan — as long as the rate of return stays roughly constant.

Frequently asked questions

How is this different from the Recurring Deposit Calculator?

This calculator uses monthly compounding and is a general-purpose tool for any regular savings instrument. The Recurring Deposit Calculator specifically models the standard Indian bank RD formula, which compounds quarterly — for an actual bank RD, use that calculator for a more precise figure.

What's a realistic interest rate to use?

It depends on where you're saving — a savings account or RD might offer 3-7%, while an equity-linked SIP might target higher long-term returns with more risk. Use a rate that matches your actual savings instrument.

Does saving earlier make a big difference?

Yes — because of compounding, starting a few years earlier (even with the same monthly amount) can meaningfully increase your maturity value over a long horizon.

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Sources

Securities and Exchange Board of India — Investor Education — Securities and Exchange Board of India. Effective 01-01-2015, reviewed 12-09-2026.

This calculator provides a mathematical estimate for general educational use and does not constitute investment advice. Actual returns depend on the specific savings instrument and market performance.

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