Savings Calculator

Numeo's Savings Calculator projects how much your savings will grow with regular monthly contributions, or how long it will take to reach a savings goal.

Numeo compounds your balance monthly at your expected annual return, splitting the result into what you contributed versus the growth you earned.

Frequently asked questions

How is compound growth calculated?

Numeo compounds your balance each month: your expected annual return is applied to the running balance, and your monthly contribution is added, so earnings begin to earn their own returns over time.

What rate of return should I use?

Use a realistic long-run estimate for your investments — returns vary and can be negative in any given year. The calculator assumes a constant annual rate for a simple projection.

Based on official sources: Financial Consumer Agency of Canada — Saving and investing