← Savings Calculator
How Much Will I Have After 5 Years of Saving?
See how your money grows over 5 years with compound interest. The longer you save, the more interest you earn on your interest.
Your Savings Plan
Enter your savings details to see how your money grows
$
$
Your Savings Growth
See how your savings will grow over time
$13,601
Total after 5 years
Total Contributions
$12,000
Interest Earned
$1,601
Interest Bonus
You'll earn $1,601 in interest, which is 13.3% on top of your contributions.
Initial deposit$0
Monthly contributions (5 years)$12,000
Total interest earned$1,601
Effective annual rate (APY)5.12%
Final balance$13,601
Monthly Breakdown
Monthly contribution
$200
Avg. monthly interest
+$27
5 Year Savings Summary
$12,000
Your Contributions
+$1,601
Interest Earned
$13,601
Total Balance
Year-by-Year Growth
| Year | Start Balance | Contributions | Interest | End Balance |
|---|---|---|---|---|
| 1 | $0 | $2,400 | +$56 | $2,456 |
| 2 | $2,456 | $2,400 | +$181 | $5,037 |
| 3 | $5,037 | $2,400 | +$313 | $7,751 |
| 4 | $7,751 | $2,400 | +$452 | $10,603 |
| 5 | $10,603 | $2,400 | +$598 | $13,601 |