This calculator shows you how much your savings will be worth after a set number of years, based on an initial amount of capital and monthly savings, and a set rate of interest and inflation. Take a look at the millionaire calculator to which the savings calculator is closely related.
For example, you have £25,000 capital and you decide to save £425 a month for 8 years. At the end of the period, assuming interest of 5%, the capital will have accumulated to £87,304.35 and in today’s money it will be worth £74,513.43 after 2.5% annual inflation.
