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Last updated: Mar-09-2010

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Mar-10-2010 10:08 AM EST
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3/10/2010 10:17:57 AM




HOME : TOOLS : RETIREMENT SAVINGS CALCULATOR

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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