4/7/2011 Free Savings Calculator for Excel - Simpl…

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Savings Calculator
Download a Free Savings Calculator for Excel to estimate the future value of your savings account

Our Savings Calculator is a free Microsoft® Excel® spreadsheet that is simple to use and much more powerful than most online
savings 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. You can also choose to
randomize the annual interest rates within the Min/Max values you specify so you can get an idea of what a fluctuating market
might do to your savings.

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 401(k) Savings Calculator designed specifically for estimating the future value of a 401(k) savings account. Try the Annuity Calculator if you are
trying to figure out how much you may need at retirement.

Savings Calculator for Excel Download Now

Estimate the interest earned in your savings account. Include regular monthly deposits and/or Cost: Free ($0.00)
an annual deposit. This simple to use Excel spreadsheet includes a table showing the interest License: Personal Use
earned each year.
File Type: .xls
A unique feature of this savings calculator is the option to select a random interest rate, to Size: ~60 KB
simulate fluctuation in the market. Just press F9 a bunch of times to see how the graph of the Version: 1.1
Screenshot balance changes. Required: Microsoft Excel
2002(XP), 2003, or 2007
"No Installation, No Macros - Just a simple spreadsheet"
Technical Support:
Play the Video
Demo Contact Vertex42 via
email if you have
questions specifically
about this spreadsheet.

Savings Calculator for OpenOffice and Google Docs Download Now

This version of the Savings Calculator was designed to work in OpenOffice Calc and Google Cost: Free ($0.00)
Spreadsheets. It does not include the random interest rate feature, but you can manually enter License: Personal Use
different rates for each year in the interest rate column.
File Type: .xls
Size: ~50 KB
Screenshot Version: 1.1.0
Required: Microsoft
Excel, OpenOffice, or
Google Spreadsheets

Download this spreadsheet as an OpenOffice Calc spreadsheet template: Savings Calculator (.ots)

Caution: These spreadsheets and the content on this page is for illustrative and educational purposes only. We cannot guarantee the results. Interest rates may vary over time
as do tax laws. Please consult a qualified professional regarding financial decisions.

Using the Savings Calculator

Example: Let's say I start with $2500 in a savings account with a 4.0% annual interest rate (perhaps a CD or money market). I plan to deposit $100 per
month. I also want to deposit my tax return, but that will change from year to year. I'm pretty sure that my tax return will be at least $1000 so I enter that in
the Additional Annual Investments field. The screenshot below shows that my estimated savings balance after 30 years is about $134,500.

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4/7/2011 Free Savings Calculator for Excel - Simpl…

In the graph, the interest earned is the difference between the End Balance (blue line) and the Cumulative Interest (magenta line). The graph shows that
until about 10 years, the majority of the balance is the cumulative amount I've invested rather than interest earned. But, by the end of the 30 years, my
balance is almost twice what I put in.

Savings Calculators and References

401k Savings Calculator by Vertex42.com - Similar to the Savings Calculator above, but specifically for 401k calculations, where you have an
employer match, increasing salary, etc.
Retirement Savings Calculator - www.vertex42.com - Similar to the simple savings calculator, but specifically related to retirement (graphed by age)
and less flexibility in making deposits.
Savings Bond Calculator at treasurydirect.gov - Includes the effect of federal taxes.
Savings Calculator at www.b ankrate.com
CDs and Savings Calculators at www.bankrate.com
Time Value of Money at wikipedia.org - Formulas for calculating future value of annuities.
Savings Interest Rates at www.bankrate.com - Compare interest rates for CDs and Savings.

Share Our Savings Calculator

To link to our free calculator from your website or blog, please copy the following html code:
<a href="http://www.vertex42.com/Calculators/savings-interest-
calculator.html">Free Savings Calculator for Excel</a>

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Free Savings Account Interest Calculator
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