Shares Saver
HomeServicesAboutPricingFind My SharesFAQContact Us

Join our mailing list to receive the news & latest trends

About Us

  • Home
  • Services
  • About
  • Testimonials
  • Pricing

My Account

  • Register
  • Sign In
  • Dashboard
  • Find My Shares
  • Transactions
  • Documents
  • Messages

Useful Links

  • Terms and Conditions
  • Security & Privacy Policy
  • Cookies Policy
  • Accessibility Statement
  • Calculators

Contact Us

  • FAQs
  • Contact Us

Copyright © 2026 Shares Saver. All Rights Reserved.

  1. Home
  2. Calculators
  3. Savings Calculator

Savings Calculator

Estimate the future value of your periodic savings with compound interest. Figures are illustrative only.

₦
5,0001,000,000
years
130
%
130

Estimated Results

Total Amount Invested
₦6,000,000
Estimated Returns
₦7,104,569
Estimated Future Value₦13,104,569

Disclaimer

This calculator is for educational and illustrative purposes only. It does not constitute financial, investment, or tax advice. Results are estimates based on the inputs you provide and may not reflect actual returns. Consult a qualified financial advisor before making any investment decisions.

How Is This Calculated?

FV = P × [(1 + r)ⁿ − 1] / r × (1 + r)

Where:

FVFuture Value of the investment
PMonthly savings amount
rMonthly interest rate (annual rate ÷ 12)
nTotal number of months

Frequently Asked Questions

A periodic savings plan involves setting aside a fixed amount of money at regular intervals (e.g. monthly) into an investment vehicle. Over time, compound interest causes your savings to grow faster as you earn returns on both your principal and accumulated interest.
Nigerian money market funds have historically offered returns between 10% and 18% per annum, depending on the prevailing interest rate environment and the Central Bank of Nigeria (CBN) monetary policy rate. These rates fluctuate and past performance does not guarantee future results.
Compound interest means you earn interest on both the original principal and the previously accumulated interest. The more frequently interest is compounded, the greater the effect. This calculator assumes monthly compounding.
Yes, a 10% withholding tax is typically deducted at source on investment income including interest and dividends for Nigerian residents. The returns shown by this calculator are pre-tax estimates. Your actual post-tax returns may be lower.
Inflation reduces the purchasing power of your money over time. If the inflation rate exceeds your investment return rate, the real value of your savings declines. Consider using our Inflation Savings Calculator for an inflation-adjusted view.

Popular Calculators

Step-Up Savings
EMI Calculator
Withdrawal Calculator
Retirement Calculator
Pension Calculator
Transfer Calculator
View all calculators →