Last updated: Mar-29-2017

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3/30/2017 8:33:38 AM
HOME : TOOLS : RETIREMENT SAVINGS CALCULATOR
 

Find out how much money you can accumulate with periodic contributions until retirement

NOTE: These calculators are for illustrative purposes only and will provide estimated results. Exact results will depend on personal tax situations and other factors. To obtain exact results consult a professional.



Retirement Data:
Age at First Contribution:
Retirement Age:
Contributions per year:
Amount of Contribution:$
Expected Annual Rate of Return: %
Effective Annual Interest Rate:
 
Results:
Dollar Amount at Retirement:
 


Assumptions / Facts
 
  • The interest is compounded at the same frequency as the investment. ie. If the investor makes monthly contributions then interest will be compounded monthly.
  • The contributions and interest are applied at the end of the period. Ie. For monthly contributions the interest will be applied at the end of the month.
  • Contributions are made through to the end of the last year.
  • The Interest rate entered is the nominal rate for the year. Ex. A nominal rate of 12%, compounded monthly, gives an effective rate of 12.68% per year.
 
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