Our savings calculator can help you determine how much money to set aside annually to meet your goals. We'll estimate your savings based on how much you contribute over the specified number of years, your before-tax return on savings and your marginal tax bracket. Compound interest can have a dramatic effect on the growth of series of regular savings and initial lump sum deposits.
Initial balance or deposit
Enter the amount you plan for your initial investment savings balance.
Annual savings amount
Enter how much you plan to set aside into your savings account annually.
Annual increase in contributions
Enter the amount you plan to increase year-over-year.
Number of years for the analysis
Enter the number of years you plan on contributing to your savings account.
Before-tax return on savings
Percentage of your income you want to set aside before taxes.
Marginal tax bracket
Tax bracket based on your income level. Currently there are six brackets, ranging from 10%-35%.
Copyright © 2014 Microsoft. All rights reserved.
MORE PERSONAL FINANCE SECTIONS & TOOLS
A new survey reveals Americans are most embarrassed to admit their amount of credit card debt.