YEARS TO SAVE

The number of years you have to save.

SAVINGS GOAL

The amount you wish to have in savings at the end of this savings plan.

AMOUNT CURRENTLY SAVED

Total you currently have saved toward this savings goal.

MONTHLY SAVINGS

The amount you will contribute each month to your investments. This calculator also assumes that you make your contribution at the beginning of each month.

EXPECTED RATE OF RETURN

This is the annually compounded rate of return you expect from your investments. The actual rate of return is largely dependant on the type of investments you select. For example, for the last thirty years the average annual rate of return for domestic equity stocks has been about 10%. Savings accounts at a bank pay as little as 2%. For the purposes of this calculator taxation is not factored into the results. If you pay taxes on the interest, dividends or capital gains from these investments you may wish to enter your after tax rate of return.

EXPECTED INFLATION RATE

What you expect for the average long-term inflation rate.