Murphy Personal Finance
Home
Resources
Savings Calculator
How much do I need to save/invest now to make a
certain goal
in the future assuming a
certain rate of return?
Amount I need in the future (goal)
$
Rate of return I expect to earn annually
%
Years until I need the money
Interest payment/compounding periods per year
How much do I need to invest now?
-$26,636.30
What is the fixed amount I have to add each year in addition to the initial amount if I have a fixed rate of return estimate?
Amount I will invest now
$
Amount I need in the future
$
Years until I need the money
Assumed rate of return (from above)
%
Interest payment/compounding periods per year
Additional amount needed to be saved/invested annually
$923.14