How to use the Savings Calculator
- 1 Enter the starting amount, the annual interest rate and the number of years.
- 2 Optionally add a monthly deposit and choose how often interest is added.
- 3 Read the final balance, the total interest and the year-by-year overview.
Saving a fixed amount every month
Saving €250 every month at 2.5% interest gives you about €34,000 after 10 years – €30,000 of deposits plus roughly €4,000 of interest. Change the amount, rate or term to plan your own goal, such as an emergency fund, a car or a deposit on a home.
Tips for reaching a savings goal
- Pay yourself first: set up an automatic transfer on payday.
- Build an emergency fund of three to six months of expenses before saving for other goals.
- Compare rates: a difference of one percentage point adds up over the years.
- Mind inflation: if prices rise faster than your savings rate, your money loses purchasing power.
How the calculation works
Deposits are added at the end of each month and interest is compounded monthly unless you choose otherwise. Taxes and fees are not included.
Frequently asked questions
How much will I have if I save €100 a month?
After 10 years at 2.5% interest, compounded monthly, about €13,600: €12,000 of deposits plus around €1,600 of interest.
How long does it take to save a certain amount?
Enter your monthly amount and adjust the number of years until the final balance reaches your goal.
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