# Savings Calculator

> Estimate savings growth and check an optional savings goal.

Page: https://askcalculators.com/calculator/savings-calculator/
Definition: https://askcalculators.com/calculator/savings-calculator/definition.json
JSON Schema: https://askcalculators.com/calculator/savings-calculator/schema.json
Version: 20.1.0
Maintained by: AskCalculators (software project; not a credentialed reviewer)
Qualified review: pending. Automated checks do not establish professional approval.
Page status: Live
Review status: Pending

## Use
Open the calculator page and enter values. Query-string parameters can restore and bookmark a calculation.
Example: https://askcalculators.com/calculator/savings-calculator/?initial=1000&monthly=200&annualRate=4.5&years=10

## Inputs
- initial: Current savings; type=money; required; default=1000; min=0
- monthly: Monthly deposit; type=money; optional; default=200; min=0
- annualRate: Annual interest; type=percent; required; default=4.5; min=0; max=20
- years: Years; type=number; required; default=10; min=1; max=80
- goal: Savings goal; type=money; optional; min=1

## Outputs
- futureBalance: Future balance; format=currency; primary
- totalDeposits: Total deposits; format=currency
- interestEarned: Interest earned; format=currency
- goalStatus: Goal; format=text

## Formula
Balanceₙ = Balanceₙ₋₁ × (1 + r/12) + monthly deposit

Deposits are added at the end of each month.

## Rules
- Empty optional inputs are undefined, not zero.
- Hidden conditional inputs are ignored.
- Do not invent missing required inputs.