# Savings Calculator

#### Info...

Click, copy, paste this URL to save the inputs for yourself or to share with others.

This custom URL updates when you click the "Calc", "Clear" or "Schedule" buttons. Paste it into a browser's address bar to reload.

Looking for quiet time with your #preteen? Teach them about interest & #saving. ðŸ’² Savings calculator ðŸ‘©â€ðŸ‘§ https://t.co/SuVRWPCnsm #parenting pic.twitter.com/6FfMSKbF34

— Karl Thompson (@Calculators4You) December 8, 2017

With this one calculator, you can answer for yourself questions such as:

- What will my savings grow to after "X" years?
- How much should I save each month?
- What is the interest rate?
- How long will it take to reach my goal?

## Savings Calculator —

calculate 4 unknowns

If you have already started to save toward a goal, enter the amount you have saved in "Savings on Hand". Otherwise leave this set to zero.

This calculator will calculate any one of four variables: "Annual Interest Rate or ROI", "Number of Periods to Save", "Periodic Savings Amount" and "Goal Amount". Enter zero for the one unknown.

Example, if you want $100,000 after 15 years and you can afford to save $5,000 a year, what interest rate do you have to earn on your savings? Since we are going to solve for the return on investment, enter "0" for the "Annual Interest Rate". Let's assume we'll make an annual contribution to our savings plan once a year. Therefore, enter "15" for the "Number of Periods" Also set the "Savings Frequency" and "Compounding Frequency" to "Annually". Enter "5,000" for the "Periodic Savings Amount" as the amount saved each year. Enter "100,000" as the "Goal Amount"

Click "Calc" and the result should be "3.5%".

So, in order to reach your goal of $100,000 after 15 years, you'll need to earn 3.5% on your annual deposits. In a similar way, you can also calculate how much you have to save periodically or what amount you'll have after saving a specified amount. Finally, you can also calculate how long it will take to reach a goal. Simply enter a "0" for the unknown and enter the other values.

## Nick says:

Personally, trying to figure out savings necessary if I want to retire before 401k distribution age.

## Karl says:

You may also find the Withdrawal Savings calculator useful.

## Gustavo VErgara says:

Can I cusotmize to spanish?

## Karl says:

Do you mean like this one? 🙂

Calculadora de Ahorros

## prakash singh says:

how to change currency “$” to INR

## Karl says:

‘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.

## Karl says:

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