Cake Budget

Savings Calculator

How to Use This Savings Calculator

This calculator helps you estimate how your savings will grow over time with compound interest. Enter your:

  • Initial Deposit: The amount you start with
  • Monthly Contribution: How much you'll add each month
  • Annual Interest Rate: The yearly interest rate as a percentage
  • Time Period: How many years you plan to save
  • Compound Frequency: How often interest is calculated (monthly, quarterly, or annually)