- Savings Calculator -
Enter the data and see the results

Figure it out for yourself. See what saving each month will yield. This calculation is compounded quarterly using the figures you supply.

Regular Savings is a key element to savings success!

INSTRUCTIONS: This calculator assumes monthly payments and interest compounded quarterly such as with standard bank accounts. Enter items as called for, tabbing down to the next field. The interest rate should be entered as, for example, 5.5 for 5.5% annual interest.

The accumulated amount is shown at the bottom. Also, should you decide to just "live off the interest," a monthly amount paid to you after your savings period is also shown.

Important - Do not enter commas in your figures.

Enter your beginning investment balance
Enter your regular monthly payments
Enter number of years for savings
Enter the Yearly Earnings Rate (7.5 = 7.5%)
Total Earnings
Click in box at right for recalculation
Your PER MONTH earnings
on this new investment

Stick with it! It can be done!

Page Modified July 10, 2000

Back to home page