Menu
Menu
  • Home
  • Open submenu (Accounts)Accounts
  • Open submenu (Loans)Loans
  • Open submenu (Business)Business
  • Open submenu (Services)Services
  • Open submenu (Resources)Resources
  • About
  • Become A Member
  • Account Sign In
  • Account Sign In
  • Contact
Close submenuAccounts
  • Open submenu (Savings Accounts)Savings Accounts
  • Open submenu (Debit Card/Checking Accounts)Debit Card/Checking Accounts
  • Become a Member
  • IRAs
  • Share & IRA Certificates
  • Deposit Rates
  • Open an Account!
  • New Member Application Status
Close submenuSavings Accounts
  • Youth Savings
  • High – Yield Certificate Savings
  • Health Savings Accounts
  • Coverdell Education Savings
  • Club Accounts
Close submenuDebit Card/Checking Accounts
  • Free Kasasa Cash® Checking
  • Free Kasasa Cash Back® Checking
  • Basic Checking
  • Take Charge Young Adult Debit Card/Checking Account
  • Reorder Checks
  • Overdraft Protection Options
Close submenuLoans
  • Open submenu (Apply for a Loan)Apply for a Loan
  • Apply for a Credit Card
  • Loan Rates
  • First Time Auto Buyer
  • Auto Financing
  • Student Loans
  • Make a Loan Payment
  • Make a Credit Card Payment
  • Open submenu (Debt Protection Options)Debt Protection Options
  • Skip-a-Pay Program
Close submenuApply for a Loan
  • Existing Member Consumer Loan
  • New Member Consumer Loan
  • Apply for a mortgage
  • Apply for a Home Equity Loan
  • Check Loan Application Status
Close submenuDebt Protection Options
  • Loan Protection Programs
  • Guaranteed Asset Protection
  • Vehicle Service Contract Coverage
Close submenuBusiness
  • Business Checking Accounts
  • Business Loans
  • Business Credit Cards
  • Merchant Services
  • SEP IRAs
Close submenuServices
  • Insurance
  • Financial Coaching
  • Digital Banking
  • Mobile Banking
  • Bill Pay
  • Safe Deposit Boxes
  • SURF ATM Locator
  • Shared Branching Locations
  • Google / Apple Pay
  • Prepaid Cards
Close submenuResources
  • Fraud Prevention
  • Financial Resources
  • Shared Branching
  • Calculators
  • Youth Scholarships
  • Open submenu (Blog Sections)Blog Sections
  • Newsletters
  • Disclosures
Close submenuBlog Sections
  • News
  • Education
  • Did you know?
Logo - New Dimensions FCU
  • Home
  • Accounts
        • Savings Accounts
          • Youth Savings
          • High – Yield Certificate Savings
          • Health Savings Accounts
          • Coverdell Education Savings
          • Club Accounts
        • Debit Card/Checking Accounts
          • Free Kasasa Cash® Checking
          • Free Kasasa Cash Back® Checking
          • Basic Checking
          • Take Charge Young Adult Debit Card/Checking Account
          • Reorder Checks
          • Overdraft Protection Options
        • Become a Member
        • Open an Account!
        • New Member Application Status
        • IRAs
        • Share & IRA Certificates
        • Deposit Rates
        • Construction Loans

        • Did you know we have Construction Loans?

          Learn More

  • Loans
        • Apply for a Loan
          • Existing Member Consumer Loan
          • New Member Consumer Loan
          • Apply for a mortgage
          • Apply for a Home Equity Loan
          • Check Loan Application Status
        • Make a Loan Payment
        • Auto Financing
        • First Time Auto Buyer
        • Loan Rates
        • Apply for a Credit Card
        • Make a Credit Card Payment
        • Student Loans
        • Skip-a-Pay Program
        • Debt Protection Options
          • Loan Protection Programs
          • Guaranteed Asset Protection
          • Vehicle Service Contract Coverage
        • HELOC

        • Home Equity Line of Credit

          Did you know you can consolidate debt with your home equity?

          Learn More

  • Business
        • Business Checking Accounts
        • Business Loans
        • Business Credit Cards
        • Merchant Services
        • SEP IRAs
        • Business Solutions

        • Business solutions that make sense.

          We are always looking for ways to help our
          business members conduct business efficiently
          with their financial needs and goals in mind.

          Learn More

  • Services
        • Insurance
        • Financial Coaching
        • Bill Pay
        • SURF ATM Locator
        • Shared Branching Locations
        • Safe Deposit Boxes
        • Digital Banking
        • Mobile Banking
        • Google / Apple Pay
        • Prepaid Cards
        • Mobile Banking Solutions

        • Access your New Dimensions account anywhere.

          We offer online and mobile banking where you can
          check your balance, deposit a check or even apply for a loan!

          Learn More

  • Resources
        • Blog Sections
          • News
          • Education
          • Did you know?
        • Newsletters
        • Financial Resources
        • Fraud Prevention
        • Calculators
        • Disclosures
        • Shared Branching
        • Youth Scholarships
  • About
  • Become A Member
  • Account Sign In
  • Account Sign In
        • Account Sign In

          Username field is required.

          New Account Sign Up | Forgot Username
  • Contact
  • Home
  • About
  • Contact
  • Home Buyer Savings Calculator
  • Spend Less Calculator
  • Savings Calculator
  • Snowball Debt Elimination Calculator
  • Loan Payoff Calculator
  • Loan Refinance Savings Calculator
  • Simple Loan Calculator
  • Payoff Line Calculator
  • Auto Loan Calculator
  • Home Budget Calculator
Calculators Menu

Savings Calculator

By changing any value in the following form fields, calculated values are immediately provided for displayed output values. Click the view report button to see all of your results.



Financial Calculators from
Dinkytown.net

Financial Calculators ©1998-2025 KJE Computer Solutions, Inc.









*indicates required.

Savings plan inputs:


Savings goal

The amount you wish to have in savings at the end of this savings plan.

$0
$1k
$10k
$100k

Target years to save

The number of years you have to save.

1
34
67
100

Amount currently saved

Total you currently have saved toward this savings goal.

$0
$1k
$10k
$100k

Monthly savings

The amount you will contribute each month to your savings. This calculator also assumes that you make your contribution at the beginning of each month.

$0
$1k
$5k
$20k

Expected rate of return

This is the annually compounded rate of return you expect from your savings or investment. The actual rate of return is largely dependent on the types of investments you select. The Standard & Poor's 500® (S&P 500®) for the 10 years ending December 31st 2024, had an annual compounded rate of return of 14.9%, including reinvestment of dividends. From January 1, 1970 to December 31st 2024, the average annual compounded rate of return for the S&P 500®, including reinvestment of dividends, was approximately 11.2% (source: www.spglobal.com). Since 1970, the highest 12-month return was 61% (June 1982 through June 1983). The lowest 12-month return was -43% (March 2008 to March 2009). Savings accounts at a financial institution pay less but carry significantly lower risk of loss of principal balances.

It is important to remember that these scenarios are hypothetical and that future rates of return can't be predicted with certainty and that investments that pay higher rates of return are generally subject to higher risk and volatility. The actual rate of return on investments can vary widely over time, especially for long-term investments. This includes the potential loss of principal on your investment. It is not possible to invest directly in an index and the compounded rate of return noted above does not reflect sales charges and other fees that investment funds and/or investment companies may charge.

0%
4%
8%
12%

Expected annual inflation rate

This is what you expect for the average long-term inflation rate. A common measure of inflation in the U.S. is the Consumer Price Index (CPI). From 1925 through 2024 the CPI has a long-term average of 3.0% annually. Over the last 40 years the highest CPI recorded was 13.5% in 1980. For the 12 months ending October 31st 2024 the CPI for All Urban Consumers (CPI-U) was 3.2% as reported by the U.S. Bureau of Labor Statistics.

0%
4%
8%
12%
0%
33%
67%
100%
0%
33%
67%
100%
**FIG_GRAPHTITLE** Column Graph: Please use the calculator's report to see detailed calculation results in tabular form.

Savings Plan by Year


Definitions

Savings goal

The amount you wish to have in savings at the end of this savings plan.

Target years to save

The number of years you have to save.

Amount currently saved

Total you currently have saved toward this savings goal.

Monthly savings

The amount you will contribute each month to your savings. This calculator also assumes that you make your contribution at the beginning of each month.

Expected rate of return

This is the annually compounded rate of return you expect from your savings or investment. The actual rate of return is largely dependent on the types of investments you select. The Standard & Poor's 500® (S&P 500®) for the 10 years ending December 31st 2024, had an annual compounded rate of return of 14.9%, including reinvestment of dividends. From January 1, 1970 to December 31st 2024, the average annual compounded rate of return for the S&P 500®, including reinvestment of dividends, was approximately 11.2% (source: www.spglobal.com). Since 1970, the highest 12-month return was 61% (June 1982 through June 1983). The lowest 12-month return was -43% (March 2008 to March 2009). Savings accounts at a financial institution pay less but carry significantly lower risk of loss of principal balances.

It is important to remember that these scenarios are hypothetical and that future rates of return can't be predicted with certainty and that investments that pay higher rates of return are generally subject to higher risk and volatility. The actual rate of return on investments can vary widely over time, especially for long-term investments. This includes the potential loss of principal on your investment. It is not possible to invest directly in an index and the compounded rate of return noted above does not reflect sales charges and other fees that investment funds and/or investment companies may charge.

Expected annual inflation rate

This is what you expect for the average long-term inflation rate. A common measure of inflation in the U.S. is the Consumer Price Index (CPI). From 1925 through 2024 the CPI has a long-term average of 3.0% annually. Over the last 40 years the highest CPI recorded was 13.5% in 1980. For the 12 months ending October 31st 2024 the CPI for All Urban Consumers (CPI-U) was 3.2% as reported by the U.S. Bureau of Labor Statistics.

Connect

94 Silver Street, Waterville, ME 04901 (207) 872-2771
316 Benton Avenue, Winslow
245 Madison Avenue, Skowhegan
Drive-Thru Hours Monday – Friday 8 am-5 pm
Lobby Hours Monday – Friday 9 am-5 pm

Routing #: 211288860    Privacy Policy    Terms of Use     Funds Availability
Copyright ©2025 New Dimensions Federal Credit Union. All rights reserved.
Web design by flyte

National Credit Union Administration, a U. S. Government Agency

Your savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government

New Dimensions FCU is committed to the accessibility and usability of our website for everyone. If you use a screen reader or other auxiliary aid and have problems using this website, please contact us at (800) 326-6190 or info@newdimensionsfcu.com.