Future Saving Calc
Section
Goal Amount
$
The total amount of money you need to save to reach your goal.
Current Savings:
$
Amount of money you have already saved towards this goal.
Monthly Savings Contribution:
$
How much money you can save each month towards your goal.
Interest Rate (Annual):
%
he interest rate at which your savings will grow annually. This could be the interest rate of a savings account, investment return, etc.
Compounding Frequency:
Year
Annually
Semi-annually
Quarterly
Monthly
How often the interest is added to the account balance (e.g., annually, semi-annually, quarterly, monthly).
Timeframe:
Years
The time period within which you aim to achieve your goal, usually specified in months or years.
Starting Date
When you begin saving towards your goal.
Regular Contribution Frequency:
Year
Monthly,
Bi-weekly,
Weekly
How often you will contribute to the savings (e.g., monthly, bi-weekly, weekly).
Additional Lump Sum Contributions:
$
Option to add any one-time contributions along with the timings of these contributions.
Total Amount Saved:
Total Interest Earned:
Shortfall or Surplus:
Calculations
Percentage
1+ r/n
N*T
3
Future Value of Monthly Contributions
Future Value of Current Savings
Total Amount Saved:
Total Contributions:
Total Interest Earned
Shortfall or Surplus
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