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Calculators

Costly Credit Card Calamity Monthly Mortgage Money
Managing the Mortgage Monster Brick by Brick
Life Insurance Need Requirements for Retirement
Resources for a Rosy Retirement Long Lasting Leisure
Kid's College
Enter only numbers without any special characters, such as a comma (","), percentage sign ("%"), or dollar sign ("$"), in the input boxes of the calculators.

Costly Credit Card Calamity

Maintaining a balance in your credit card is the worst financial mistake. Use this calculator to determine the magnitude of this mistake.

Amount of debt $ Interest rate in card %

Number of months over which you plan to pay debt off.

Your tax rate (Typically: Federal 28%, State 4% = Total of 32%) %

Monthly payment $ Net payment $

To pay this debt off, you will have to earn $


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Monthly Mortgage Money


Calculate the monthly mortgage payment for given debt, interest, and duration of mortgage.


 




Amount of debt $ Interest rate %


Number of years 


 


Monthly payment $






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Managing the Mortgage Monster


Prepayment of mortgage saves a lot in interest payment. Determine how much you will save through prepayment, by using this calculator.


 




Amount of debt $  Interest rate %


Number of years 


Amount of prepayment $ per month.


 


Your monthly payment will be $


 Your mortgage will be paid off in  months.


You will save $ in interest payment.






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Brick by Brick


This is a calculator that shows you that disciplined savings and compounding over a length of time is the proven path for wealth building.







Amount you can invest per month $


You will invest for  years. 


Your investment grows (Typically: Stock-Market growth 11%, Taxation 32% = Net growth of 7.48%) % per year.




Your accumulated wealth is $





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Life Insurance Need


This is a calculator that tells you how much life insurance you should have. It is assumed that your beneficiaries will invest the life insurance payment they receive and will earn 3.9% after inflation and taxes (8% growthrate, 20% taxes, 2.5% inflation). They will then withdraw some cash per year, for their needs, from this investment account.







Amount your beneficiaries would need per year $


Beneficiaries will withdraw cash for  years. 


Amount of your current savings $




Your Life Insurance Need is $





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Requirements for Retirement


This calculator determines the savings that you need for a comfortable retirement. The assumptions are: (i) You would like to maintain your current level of income after retirement. (ii) You will remain in your current tax bracket. (iii) You will live up to a ripe age of 90. (iv) You will die broke.


After you determine the savings need, you can go to the calculator "Resources for a Rosy Retirement" to develop a savings plan.





 







Your current annual income $






Your age at retirement:
 


55  
60 
62
65
70






Years until retirement:
 


0  
2 
5
10
15
20
25
30
35
40








Your Health Insurance Status:
 


Single covered by employer plan

Couple covered by employer plan
 
Single no plan

Couple no plan







 





Your lifetime retirement need $



Lifetime value of your Social Security benefits $



Your savings requirement $






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Resources for a Rosy Retirement


This calculator shows you what you have to do to reach your financial goal. You can use this calculator for any other financial goal, such as children's education.






Your Savings Requirement (use "Requirement for Retirement" calculator) $
 

Your current savings $ Number of years until retirement 


Your investment grows (Typically: Stock-Market growth 11%, Taxation 32% = Net growth of 7.48%) % per year.




You must save $ per year or you must save $ per month.





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Long Lasting Leisure


This calculator tells you how long your retirement fund will last after you begin regular withdrawal.







Initial savings (including pension, 401k, IRA) $


Amount you plan to withdraw per year $


Your investment grows (Typically: Stock-Market growth 11%, Taxation 32% = Net growth of 7.48)  % per year.




Your savings will last for  years.


If you get an answer of 100,000 years, it means that your savings will never run out.







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Kid's College


This calculator tells you how much you need to save to fund your kid's college education. The education cost includes tuition, books, and room and board.








Current age of your child 
 

Number of years of college (2 or 4)
 

Type of school: 
Public  
Private


Percent you want to finance through student loan %
 




Lump sum cash required at age 18 $.


Annual savings target $.


Monthly savings target $.






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