Savings Calculator
Calculate how your savings will grow with monthly contributions and compound interest.
Final balance
€ 0,00
Total contributions
€ 0,00
Interest earned
€ 0,00
Savings growth
94.819,66171.114,74647.409,83123.704,9150
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Breakdown
Initial deposit(5.8%)
Contributions(69.6%)
Interest earned(24.6%)
Yearly summary
| Year | Contributions | Interest | Balance |
|---|---|---|---|
| 1 | €6000.00 | €420.82 | €11420.82 |
| 2 | €6000.00 | €749.32 | €18170.14 |
| 3 | €6000.00 | €1094.63 | €25264.77 |
| 4 | €6000.00 | €1457.60 | €32722.37 |
| 5 | €6000.00 | €1839.15 | €40561.51 |
| 6 | €6000.00 | €2240.21 | €48801.73 |
| 7 | €6000.00 | €2661.80 | €57463.52 |
| 8 | €6000.00 | €3104.95 | €66568.48 |
| 9 | €6000.00 | €3570.78 | €76139.25 |
| 10 | €6000.00 | €4060.44 | €86199.69 |
Why save?
Systematic saving is the foundation of financial health. It allows you to build an emergency fund, achieve financial goals, and prepare for retirement. Compound interest multiplies the effect of savings over time.
Saving strategies
The 50/30/20 rule suggests allocating 20% of income to savings. Automating monthly transfers helps maintain discipline. Start with what you can and gradually increase.
Tips for better saving
Set concrete goals with deadlines. Use separate accounts for different objectives. Review your expenses and eliminate unnecessary ones. Take advantage of savings accounts with better returns.