How is this calculated?
We use standard financial formulas to compound returns over the specified time period.
- •Save your calculations by bookmarking this page with your inputs in the URL.
- •Try different scenarios to understand how changes affect your results.
- •Share this calculator with friends or family who might find it useful.
- •Use the results as a starting point for conversations with financial advisors.
- •Bookmark this page and revisit quarterly to track your progress toward goals.
Calculate investment returns and analyze portfolio performance.
Step-by-Step Instructions
Enter your initial investment amount and expected contributions.
Input the expected annual rate of return and time horizon.
Review the growth chart to understand compound interest effects.
When you need to save a specific amount of money by a future date for a planned expense, like new equipment or a down payment.
- •Business Owners
- •Financial Planners
- •Individuals saving for a large purchase
Scenario
A small business needs to save $50,000 in 5 years to purchase a new delivery truck. They expect to earn an average of 4% annually on their savings.
Outcome
The calculator shows they need to set aside approximately $757 per month to reach their goal, allowing them to budget effectively and avoid taking on new debt.
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