Savings Calculator
This calculator easily answers the question "If I save 'X' amount for 'Y' months what will the value be at the end?"
Read more about Retirement
What is a power of sale clause in a mortgage?
Best Cities in Canada for Students
What are credit unions in Canada?
Find the best advisor option for your situation.
Get 12 Smart Questions Everyone Should Ask Their Financial Advisor
Download these questions plus more with the Advisorsavvy community newsletter – subscribe now and enjoy a wealth of knowledge.
Savings Calculator
This calculator easily answers the question "If I save 'X' amount for 'Y' months what will the value be at the end?"
The user enters the "Periodic Savings Amount" (amount saved or invested every month); the "Number of Months" and the "Annual Interest Rate" or the annual rate of return one expects to earn on their investments.
The calculator quickly creates a savings schedule and a set of charts that will help the user see the relationship between the amount invested and the return on the investment. The schedule can be copied and pasted to Excel, if desired.
The investment term is always expressed in months.
- 60 months = 5 years
- 120 months = 10 years
- 180 months = 15 years
- 240 months = 20 years
- 360 months = 30 years