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Simple Savings Calculator

This Simple Savings Calculator lets you test the power of compound interest with your savings and investments. Due to the nature of compounding, investing money over long time periods typically provides substantial returns compared to trying to play catch-up when investing for shorter periods.

How big of a difference does this make? Compare a 20-year investment with a 40-year investment. You’ll likely see a huge difference (even if the total amount you invest is the same or less).

Simple Savings Calculator FAQs

1. What expected annual return can I expect on my investments?

That’s impossible for anyone to say for certain. However, we’ve included a default value that’s often used by financial professionals and is similar to the historical average rate of return based on the stock market. Keep in mind that it’s quite possible (and very likely) that these rates will vary in the future.

2. Should I pay off my student loans first or start investing my money instead?

That depends! Check out our Payoff vs. Invest Calculator to help you decide. You can also see this post on the SLH blog.

Interested in refinancing student loans?

Here are the top 6 lenders of 2017!
LenderRates (APR)Eligible Degrees 
Check out the testimonials and our in-depth reviews!
2.61% - 6.74%Undergrad & GraduateVisit SoFi
3.64% - 7.20%Undergrad & GraduateVisit Laurel Road
2.61% - 6.74%Undergrad & GraduateVisit CommonBond
2.52% - 7.26%Undergrad & GraduateVisit LendKey
2.54% - 8.39%Undergrad & GraduateVisit Citizens
2.61% - 6.49%Undergrad & GraduateVisit Earnest
Advertiser Disclosure

Student Loan Hero Advertiser Disclosure

Our team at Student Loan Hero works hard to find and recommend products and services that we believe are of high quality and will make a positive impact in your life. We sometimes earn a sales commission or advertising fee when recommending various products and services to you. Similar to when you are being sold any product or service, be sure to read the fine print, understand what you are buying, and consult a licensed professional if you have any concerns. Student Loan Hero is not a lender or investment advisor. We are not involved in the loan approval or investment process, nor do we make credit or investment related decisions. The rates and terms listed on our website are estimates and are subject to change at any time. Please do your homework and let us know if you have any questions or concerns.