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Savings Calculator
The savings calculator can be used to estimate the end balance and interest of savings accounts. It considers many different factors such as tax, inflation, and various periodic contributions.
Negative starting balances or contribution values can be used.
Results
| End balance | $92,116.99 |
| Initial deposit | $20,000.00 |
| Total contributions | $57,319.40 |
| Total interest earned | $14,797.59 |
Accumulation Schedule
| Month | Deposit | Interest | Ending balance | |
|---|---|---|---|---|
| 1 | $20,000.00 | $49.33 | $20,049.33 | |
| 2 | $0.00 | $49.45 | $20,098.77 | |
| 3 | $0.00 | $49.57 | $20,148.34 | |
| 4 | $0.00 | $49.69 | $20,198.03 | |
| 5 | $0.00 | $49.81 | $20,247.85 | |
| 6 | $0.00 | $49.94 | $20,297.78 | |
| 7 | $0.00 | $50.06 | $20,347.84 | |
| 8 | $0.00 | $50.18 | $20,398.03 | |
| 9 | $0.00 | $50.31 | $20,448.33 | |
| 10 | $0.00 | $50.43 | $20,498.76 | |
| 11 | $0.00 | $50.56 | $20,549.32 | |
| 12 | $5,000.00 | $50.68 | $25,600.00 | |
| End of year 1 | ||||
| 13 | $0.00 | $63.14 | $25,663.14 | |
| 14 | $0.00 | $63.29 | $25,726.43 | |
| 15 | $0.00 | $63.45 | $25,789.88 | |
| 16 | $0.00 | $63.60 | $25,853.48 | |
| 17 | $0.00 | $63.76 | $25,917.24 | |
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