Free Savings Goal Calculator: See How Your Money Can Grow

Unlock the potential of your savings with our advanced compound interest calculator. This tool goes beyond simple projections by letting you factor in **annual contribution increases** and the **impact of taxes** on your earnings. Whether you're saving monthly or annually, you can create a realistic financial plan and see a clear visual breakdown of your principal versus the interest you've earned.

How to Use the Advanced Savings Calculator

Model your financial future with unparalleled detail:

1. Define Your Savings Plan: Start with an initial deposit (if any). Enter your contribution amount and use the toggle to specify if it's a **monthly or annual** contribution.
2. Project Your Growth: Add an optional **annual increase** to your contributions to model how your savings can grow as your income does. Then set your time horizon in years.
3. Set Growth Assumptions: Enter the estimated annual interest rate and how frequently it compounds.
4. Factor in Reality: Add an estimated tax rate on the interest earned to see your true after-tax outcome.
5. Calculate: Get an instant, detailed analysis of your savings potential.

Understanding Your Results

• After-Tax Balance: This is the most important number. It's the final amount you'll have after paying taxes on the interest earned.
• Visual Chart: The colored bar shows you what percentage of your final balance came from your own contributions (principal) versus what you earned in interest.
• Detailed Breakdown: We show you the total principal you put in, the gross interest earned, the pre-tax balance, and the estimated amount paid in taxes.

This tool is perfect for planning for a home down payment, a child's education, or any other major savings goal where accuracy is key.