How much will I save?

How much will I save?

You will save $2,248,636, starting with $20,000 and depositing $5,000 monthly for 11 years and 0 months.

Information entered

Deposits & Terms

Initial Balance

Regular Deposit

Frequency of Deposit

Savings term
11 years

Interest rate

Interest rate


Taxable Interest?



Total saved


Initial balance

Total deposits

Total interest earned

Total taxes paid

Total saved

Assumptions and simplifications

  • Results are computed using a standard future-value calculation and your investments’ nominal rate of return, rather than annual percentage yield (APY). Banks are required to advertise APY, which allows direct comparisons between accounts using different compounding schedules. This calculator assumes monthly compounding.


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