# Savings Calculator & ScheduleCalculate interest earned and print a savings schedule

Enter a "0" (zero) for one unknown value above.

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## Saving a Dollar a Day Calculator

Let's show off the flexibility of this calculator and have some fun while we are at it. (This is particularly fun to do with kids.) How much do you think you'll have if you save just a dollar a day for forty years - a working lifetime? What will be the gain on the savings? That is, how much of the final value will be from the daily dollar saved and how much will be from investment gain?

What do you think?

To try the dollar-a-day calculation, set the calculator this way. (Of course, set the dates as needed and change the interest rate to suite.)

```	Savings on Hand (PV) (can be 0):    \$0.00

Periodic Savings Amount?:           \$1.00

Number of Periods to Save? (#):    14,600

Annual Interest Rate?:               4.5%

Goal Amount (future value)?:        \$0.00

Today's Date?:                 09/01/2019
First Deposit Date?:           09/01/2019

Deposit/Investment Frequency?:      Daily
Compounding?:                       Daily
```

Note, I selected 4.5% as the interest rate, not that you will earn that on a bank's savings account. But it's about halfway between the rate-of-return on 10-year US treasury bonds and the average return for the US stock market.

I'll leave it to the reader to do the calculation.

But the interest earned from daily compounding is almost twice the amount the user invested!

This savings plan calculator provides the user with enough flexibility that you should be able to test just about any savings plan. You should find it relatively simple to answer the question, "how will my savings grow?"

## 15 Comments on “Savings Calculator”

Join the conversation. Tell me what you think.
• ##### prakash singhsays:

how to change currency “\$” to INR

• ##### Karlsays:

‘INR’ is not currently supported. However, I could add it, but there are 2 issues. First, the number of characters that can be entered is limited. So adding INR reduces the number of digits by 2.

Also, for Rupees, I guess you don’t use the decimal character? These calculators currently require it. Even if I added INR, you would only be able to enter INR100.00.

Also, the Lakh causes a problem Even if the calculators showed INR, it would not display INR 1,50,000. The best I can presently do without a major rewrite is INR150,000.00

So I’m not sure if that would be useful or not.

• ##### Karlsays:

I should have also pointed out,that the is an option for no currency character. Perhaps that’s a solution for you?

• ##### Jaumesays:

Hello, is it possible to integrate this calculator in my own web page? I have a website made with wordpress and the FC’s Savings Calculator plugin for wordpress adapts perfectly but it would lack to be able to indicate a Savings on Hand and to be able to choose the Deposit / Investment Frequency and Compounding as in this plugin.

Thank you very much in advance

• ##### Karlsays:

Hi, this calculator is not a plugin. If you are interested in licensing a version of this calculator for your website, that can be done. Please contact me via the contact link at the bottom of any page.

• ##### Ankur Agarwalsays:

Hi, I need this calculator plugin. Kindly let me know how is this possible.

• ##### Ankursays:

Hi Karl,
This is not the same calculator. I need the one which is on this page:

• ##### Ghanshyam Sharmasays:

Hi Karl,
When we try to integrate the savings plugin we are not getting all fields as shown on this page. Can you please guide us on where are we going wrong. Please see the link https://ibb.co/hKtV673 for the plugin after integration on our site.

Regards,
Ghanshyam

• ##### Karlsays:

The plug-in and this calculator are not the same. The free plug-in has a reduced feature set, so you are not doing anything wrong.

• ##### Ghanshyam Sharmasays:

Thank you Karl, Can you please let me know the price for the savings plugin and how can I purchase it?

• ##### Karlsays:

Ghanshyam, this calculator is not available as a plugin.

• ##### Bensays:

Hello, can I use the WordPress Plugin in German or is it possible to translate manually ?

• ##### Karlsays:

The calculator does not come with a German translation. It does include all the source code, so a developer that knows Germain would be able to easily translate it.