Savings Calculator

Consistent investments over a number of years can be an effective strategy to accumulate wealth. Even small additions to your savings add up over time. This calculator demonstrates how to put this savings strategy to work for you!

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Savings Calculator

Your savings could be worth TOTAL_AT_END_OF_INVESTMENT after FMT_PERIODS.

If you save ADDITIONAL_CONTRIBUTIONS DEPOSIT_FREQUENCY your savings may grow to TOTAL_AT_END_OF_INVESTMENT after FMT_PERIODS. This includes a starting balance of STARTING_AMOUNT and a RATE_OF_RETURN annual rate of return.

**GRAPH**

Results Summary Starting amount STARTING_AMOUNT Years FMT_PERIODS. Additional contributions ADDITIONAL_CONTRIBUTIONS DEPOSIT_FREQUENCY Rate of return RATE_OF_RETURN COMPOUND_INTEREST Total amount you will have contributed TOTAL_AMOUNT_YOU_HAVE_PAID_IN Total interest TOTAL_INTEREST_AT_END_OF_INVESTMENT Total at end of investment TOTAL_AT_END_OF_INVESTMENT

Savings Balance by Year

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**REPEATING GROUP**

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Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.

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This Financial Calculator requires SUN's Java™ Plug-in. If you see this message you will need to download SUN's Java™ Plug-in. This can be done automatically by clicking the yellow bar at the top of your browser and choosing “Install ActiveX Control”.

You can also get SUN's Java™ Plug-in here: Get the Java™ Plug-in!

For more information about this Plug-in please visit: SUN's Java™ Plug-in
For more information these financial calculators please visit: Financial Calculators from KJE Computer Solutions, LLC

Definitions

Starting amount The starting balance or current amount you have invested or saved. Years The total number of years you are planning to save or invest. Additional contributions The amount that you plan on adding to your savings or investment each period. The investment period options include weekly, bi-weekly, monthly, quarterly and annually. This calculator assumes that you make your contributions at the beginning of each period. Rate of return The annual rate of return for this investment or savings account. The actual rate of return is largely dependent on the type of investments you select. From January 1970 to December 2008, the average annual compounded rate of return for the S&P 500, including reinvestment of dividends, was approximately 9.7% (source: www.standardandpoors.com). During this period, the highest 12-month return was 61%, from June 1982 through June 1933. The lowest 12-month return was -39%, which happened twice, once from September 1973 to September 1974 and again from November 2007 to November 2008. Savings accounts at a bank may pay as little as 1% or less but carry significantly lower risk of loss of principal balances. It is important to remember that future rates of return can't be predicted with certainty and that investments that pay higher rates of return are generally subject to higher risk and volatility. The actual rate of return on investments can vary widely over time, especially for long-term investments. This includes the potential loss of principal on your investment. It is not possible to invest directly in an index and the compounded rate of return noted above does not reflect sales charges and other fees that funds and/or investment companies may charge. Compounding Earnings on an investment's earnings, plus previous interest. This calculator allows you to choose the frequency that your investment's interest or income is added to your account. The more frequently this occurs, the sooner your accumulated earnings will generate additional earnings. For stock and mutual fund investments, you should usually choose 'Annual'. For savings accounts and CDs, all of the options are valid, although you will need to check with your financial institution to find out how often interest is being compounded on your particular investment.

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Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.

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