Email List Growth Calculator
Monthly signups minus churn, compounded. See where the list lands in 6, 12, and 24 months and the point where growth stalls.
Subscribers at end
–
After 12 months
- Net growth
- –
- End minus start
- Net growth
- –
- As a share of start
- Total signups
- –
- Over the period
- Total churned
- –
- Over the period
- Steady-state ceiling
- –
- Signups ÷ churn rate
- Ceiling reached
Subscribers over time
Month by month
| Month | Signups | Churned | Subscribers |
|---|
Why every list has a ceiling
A list grows by a fixed number and shrinks by a percentage. Signups arrive at roughly the rate your acquisition produces them. Churn takes a slice of whatever the list has become. Early on, signups dwarf the slice and the list climbs quickly. As the list gets bigger, the slice gets bigger too, until the month churn removes exactly as many people as signups add. That is the ceiling: monthly signups divided by monthly churn rate. With 800 signups a month and 2.5 percent churn, the ceiling is 32,000 subscribers, no matter how long you wait.
This is why a list that grew fast in year one feels stuck in year three, and why the common response, spending more on acquisition, is only half the answer. Doubling signups doubles the ceiling. Halving churn also doubles it, usually for less money, because it is a matter of sending things people want to read at a cadence they can keep up with. The calculator lets you test both. Change the churn rate and watch the ceiling move; change signups and watch how long it takes to get there.
The optional signup growth rate models a list where acquisition itself is improving, say a referral programme that adds a few percent more signups each month. When signups compound, there is no fixed ceiling, but the same dynamic still applies: growth slows whenever churn losses approach signups, and the numbers in the table show exactly when that happens.
Formulas
- Churned this month
- = Subscribers × Churn rate
- Subscribers next month
- = Subscribers × (1 − Churn rate) + Signups
- Signups next month
- = Signups × (1 + Signup growth)
- Steady-state ceiling
- = Signups ÷ Churn rate (when signup growth is 0)
- Net growth
- = Subscribers at end − Subscribers at start
Frequently asked questions
Why does list growth stall even when signups stay constant?
Because churn is a percentage and signups are a fixed number. At 2.5 percent monthly churn, a list of 10,000 loses 250 people a month; a list of 30,000 loses 750. If you add 800 a month, the list keeps growing until it reaches 32,000, where churn losses equal signups and net growth is zero. That figure, signups divided by churn rate, is the ceiling. Getting past it means either adding more subscribers each month or losing fewer of the ones you have.
Is it better to increase signups or reduce churn?
Run both scenarios here and compare the ceiling. Cutting churn from 2.5 to 2 percent raises the ceiling from 40 times monthly signups to 50 times, a 25 percent larger list at steady state with no change in acquisition spend. Reducing churn also compounds: every subscriber retained is one you do not have to replace. That said, churn on a healthy newsletter tends to bottom out somewhere, and once you are there, signups are the only lever left.
What monthly churn rate should I use?
Count everyone who leaves the list in a month, not just people who click unsubscribe: hard bounces, spam complaints, and any inactive subscribers you prune. Divide by the list size at the start of the month. Well-run B2B newsletters often see somewhere between 1 and 3 percent a month, but it varies a lot by how the list was built. A list grown through lead magnets and events churns faster than one grown through referrals from existing readers.
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