Future Value Calculator vs Savings Goal Calculator
Two calculators for the same neighbourhood of questions. Here is what each measures, what you feed in, and where you'd reach for one over the other.
Future Value Calculator
Project what a lump sum plus regular yearly contributions will grow to at a given rate of return. Use it to forecast investments, savings plans, and retirement balances.
- Answers
- Future Value ($)
- Inputs
- Present Value (starting amount), Annual Return Rate, Number of Years, Annual Contribution
Savings Goal Calculator
Calculate the monthly amount you must save to reach a specific goal by a deadline, accounting for interest earned and inflation eroding the target. Ideal for planning a down payment or large purchase.
- Answers
- Required Monthly Savings ($)
- Inputs
- Savings Goal, Current Savings, Time to Goal, Expected Interest Rate, Inflation Rate
At a glance
| Future Value Calculator | Savings Goal Calculator | |
|---|---|---|
| Category | Financial | Personal Finance |
| Answers | Future Value | Required Monthly Savings |
| Inputs | 4 | 5 |
| Result unit | $ | $ |
When to use each
Project what a lump sum plus regular yearly contributions will grow to at a given rate of return. Use it to forecast investments, savings plans, and retirement balances.
Calculate the monthly amount you must save to reach a specific goal by a deadline, accounting for interest earned and inflation eroding the target. Ideal for planning a down payment or large purchase.