Projected Outcomes
Savings Ending Balance
$46,216.63
Savings Interest Earned
$6,216.63
CD Maturity Value
$15,783.14
CD Interest Earned
$783.14
Total savings contributions: $40,000.00
Savings projection period: 60 months
Methodology, assumptions, and source references
Auto-updated on Feb 24, 2026Data snapshot: Sep 13, 2025
Inputs used
- Savings: initial deposit, monthly contribution, APY, and projection years
- CD: deposit amount, APY, and term in months
Formula basis
- Savings projection compounds monthly using APY ÷ 12
- CD maturity value uses compound growth for selected term
- Interest earned = ending value - contributed principal
Assumptions and limits
- Rates are assumed constant for the selected period
- Taxes and penalties are not modeled
- Actual bank compounding conventions can vary