💰 Savings Result
$300/month + at 6% for 5 years grows to $21,036
At 6% compound interest over 5 years, $300/month + at 6% for 5 years becomes $21,036. You contribute $18,000 and earn $3,036 in interest — a 17% return.
▶ Open full savings calculatorFinal balance
$21,036
After 5 years
Interest earned
$3,036
17% return
Total deposited
$18,000
Your contributions
Why $3,036 in free interest
At 6%, money doubles every approximately 12.0 years. In the first year you earn $119 in interest. By year 5, you earn $1,125 — far more, because you're earning interest on all accumulated gains.
To compare this with an investment portfolio, use the compound interest calculator. To understand how inflation erodes purchasing power of these savings over time, see the inflation calculator.