Unlock your financial potential with our free Monthly Investment Savings Calculator. Easily estimate the future value of your regular investments, factoring in initial capital, monthly contributions, and compound interest. Start planning your long-term savings, retirement, or major purchases today and watch your money grow!
Formula:
The future value (FV) of your investment is calculated using a combination of the future value of a lump sum and the future value of an ordinary annuity. The formula used is:
FV = P * (1 + i)n + PMT * (((1 + i)n - 1) / i)
- FV = Future Value of the investment
- P = Initial Investment (Principal)
- PMT = Monthly Contribution (Payment)
- i = Monthly Interest Rate (Annual Rate / 12)
- n = Total Number of Months (Investment Period in Years * 12)
Note: This calculator assumes monthly compounding.