Step 2: Contribute Monthly Contribution Amount that you plan to add to the principal every month, or a negative number for the amount that you plan to withdraw every month. Length of Time in Years Length of time, in years, that you plan to save. Interest rate variance range Range of interest rates above and below the rate set above that you desire to see results for. Next Steps. Investing Quiz. Test your knowledge of investing terms, strategies and concepts with a new quiz each month.
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Visit Site. Developer's Description By Media Freeware. No matter you want to deposit your money or you have already done it, you will need a great application that can calculate your interest. Our Savings Calculator is a free spreadsheet that is simple to use and much more powerful than most online calculators that you'll find.
It will estimate the future value of your savings account with optional periodic deposits. It also includes a yearly table that lets you add specific annual deposits that may be different from year to year. If you are comfortable with Excel, you can also use our Savings Calculator as a template and customize it to suit your own personal situation. We also have a k Savings Calculator designed specifically for estimating the future value of a k savings account.
Try the Annuity Calculator if you are trying to figure out how much you may need at retirement. Download Compound Interest Calculator in Excel format. Estimate the interest earned in your savings account. This simple to use Excel spreadsheet includes a table showing the interest earned each year.
A unique feature of this calculator is the option to select a random interest rate, to simulate fluctuation in the market. Just press F9 a bunch of times to see how the graph of the balance changes. The versions for OpenOffice and Google Spreadsheets were created using the simpler version of the calculator shown on the left.
It doesn't include the random interest rate feature, but you can manually enter different rates for each year in the interest rate column.
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