{
  "id": "savings-calculator",
  "version": "20.1.0",
  "name": "Savings Calculator",
  "shortName": "Savings",
  "description": "Estimate savings growth and check an optional savings goal.",
  "category": "Finance",
  "categorySlug": "finance",
  "keywords": [
    "savings goal",
    "bank interest",
    "monthly deposits",
    "future balance"
  ],
  "status": "live",
  "workStatus": "pending",
  "reviewStatus": "pending",
  "migrationStatus": "new",
  "engine": "native",
  "creator": null,
  "reviewer": null,
  "quality": {
    "availability": "live",
    "technicalReviewRecord": "/reviews/savings-calculator.json",
    "qualifiedReview": "pending",
    "qualifiedReviewer": null,
    "qualifiedReviewDate": null,
    "formulaVersion": "20.1.0",
    "referenceCoverage": "references-listed",
    "releaseTestScope": "Flagship reference cases are specified in scripts/test-v20-1.mjs; consult release evidence for executed results.",
    "historicalMetadataDate": "2026-08-18",
    "historicalMetadataNotice": "The imported date is not evidence of a completed human review."
  },
  "urls": {
    "page": "/calculator/savings-calculator/",
    "definition": "/calculator/savings-calculator/definition.json",
    "schema": "/calculator/savings-calculator/schema.json",
    "llms": "/calculator/savings-calculator/llms.txt",
    "legacyDefinition": "/calculator/savings-calculator.json"
  },
  "queryExample": "https://askcalculators.com/calculator/savings-calculator/?initial=1000&monthly=200&annualRate=4.5&years=10",
  "queryParameters": {
    "initial": {
      "label": "Current savings",
      "type": "money",
      "required": true,
      "default": 1000
    },
    "monthly": {
      "label": "Monthly deposit",
      "type": "money",
      "required": false,
      "default": 200
    },
    "annualRate": {
      "label": "Annual interest",
      "type": "percent",
      "required": true,
      "default": 4.5
    },
    "years": {
      "label": "Years",
      "type": "number",
      "required": true,
      "default": 10
    },
    "goal": {
      "label": "Savings goal",
      "type": "money",
      "required": false
    }
  },
  "inputs": [
    {
      "id": "initial",
      "label": "Current savings",
      "type": "money",
      "required": true,
      "defaultValue": 1000,
      "min": 0,
      "step": 100,
      "width": "half"
    },
    {
      "id": "monthly",
      "label": "Monthly deposit",
      "type": "money",
      "defaultValue": 200,
      "min": 0,
      "step": 10,
      "help": "Optional",
      "width": "half"
    },
    {
      "id": "annualRate",
      "label": "Annual interest",
      "type": "percent",
      "required": true,
      "defaultValue": 4.5,
      "min": 0,
      "max": 20,
      "step": 0.05,
      "control": "slider-number",
      "width": "half"
    },
    {
      "id": "years",
      "label": "Years",
      "type": "number",
      "required": true,
      "defaultValue": 10,
      "min": 1,
      "max": 80,
      "step": 1,
      "width": "half"
    },
    {
      "id": "goal",
      "label": "Savings goal",
      "type": "money",
      "min": 1,
      "step": 100,
      "help": "Optional",
      "width": "full"
    }
  ],
  "outputs": [
    {
      "id": "futureBalance",
      "label": "Future balance",
      "format": "currency",
      "primary": true
    },
    {
      "id": "totalDeposits",
      "label": "Total deposits",
      "format": "currency"
    },
    {
      "id": "interestEarned",
      "label": "Interest earned",
      "format": "currency"
    },
    {
      "id": "goalStatus",
      "label": "Goal",
      "format": "text"
    }
  ],
  "formula": {
    "expression": "Balanceₙ = Balanceₙ₋₁ × (1 + r/12) + monthly deposit",
    "note": "Deposits are added at the end of each month."
  },
  "examples": [
    {
      "label": "Reproducible default-input example (not a personal recommendation)",
      "inputs": {
        "initial": 1000,
        "monthly": 200,
        "annualRate": 4.5,
        "years": 10
      }
    }
  ],
  "sources": [
    {
      "label": "Investor.gov: compound-interest calculator and assumptions",
      "url": "https://www.investor.gov/financial-tools-calculators/calculators/compound-interest-calculator"
    },
    {
      "label": "Investor.gov: savings-goal calculator",
      "url": "https://www.investor.gov/financial-tools-calculators/calculators/savings-goal-calculator"
    }
  ]
}