Home > Finance Calculators > Savings Calculator

Savings Calculator

Online Savings Calculator calculates the future savings and gives the savings balance schedule based on initial principal, monthly deposit, the number of years, and annual interest rate.
Input all the blanks below and choose the Interest Compounded ways, and then click the "Calculate" button.
  • Initial Principal:
  • Monthly Deposit:
  • Number of Years:
  • Annual Interest Rate:
  • Interest Compounded:

1. Is saving good or bad:

It might be a relatively good thing for individuals to save. According to economist John Maynard Keynes, people save mainly out of the motives of Precaution, Foresight, Calculation, Improvement, Independence, Enterprise, Pride and Avarice.

However, to the whole society, excessive saving, i.e. saving beyond planned investment, might cause serious problem, encouraging recession or even depression in economy.

More Information: More about Saving