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Net Worth Calculator
Calculate your total net worth by adding up assets and subtracting all liabilities.
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Net Worth Calculator
Enter your values below to get an instant, accurate result.
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| Year | Principal | Interest | Balance |
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⚠️ Results are estimates for informational purposes only. Actual figures may vary. Read Disclaimer
How Is Savings Growth Calculated?
FV = PV(1 + r)ⁿ + PMT × [(1 + r)ⁿ − 1] / r
Variable Definitions
- FV
- Future value (total savings)
- PV
- Present value (current savings)
- r
- Periodic interest rate (APY ÷ 12)
- n
- Number of periods (months)
- PMT
- Regular monthly deposit
💡 APY (Annual Percentage Yield) accounts for compounding. This formula shows how your balance grows with both interest and regular deposits.
Frequently Asked Questions — Savings Calculator
A High-Yield Savings Account offers significantly higher interest rates than traditional savings accounts — often 10–20× higher. In 2024, top HYSAs offer 4.5%–5.0% APY. They are FDIC-insured (up to $250,000), making them a safe, high-return home for your emergency fund or short-term savings goals.
Financial experts generally recommend keeping 3–6 months of essential living expenses in an easily accessible savings account. If you are self-employed, have variable income, or dependents, aim for 6–12 months. Use our savings calculator to find out how long it will take to reach your emergency fund goal.