You can simulate how your investment will grow over time by adjusting the monthly deposits, interest rate, initial amount, and period of investment. Additionally, you have the option to introduce an inflation rate per year to make the simulation more realistic, impacting your buying power over time.
The results update automatically. Any changes made to the values will be reflected in the result without the need to press any buttons or switch screens.
You can view the investment schedule to understand how your savings will increase month by month and how much you will earn with compound interest, presented in a simple table format.
This app is designed to assist you in planning your financial future. You can set financial goals and track them through the app to help plan for significant milestones such as a dream vacation, university tuition, or purchasing a new home.
Furthermore, the savings calculator also offers support for dark mode!
Overview
Savings Calculator is a Freeware software in the category Business developed by Douglas Iacovelli.
The latest version of Savings Calculator is 2.0.3, released on 06/19/2024. It was initially added to our database on 06/19/2024.
Savings Calculator runs on the following operating systems: Android.
Users of Savings Calculator gave it a rating of 4 out of 5 stars.
Pros
- Simple and user-friendly interface
- Easy to input financial information and view savings projections
- Customizable parameters to tailor calculations to individual needs
- Provides a clear breakdown of savings over time
- Helps users visualize the impact of different saving strategies
Cons
- Limited features compared to advanced financial planning software
- May not be suitable for complex financial situations or investments
- No integration with external accounts or real-time data updates
- Potential for inaccuracies in long-term projections due to changing market conditions
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