Individual Savings Calculator

Planned Savings

Amount Saved

Monthly Savings

Years to Save

years

Instructions

Saving for any event takes discipline. Understanding how much you need to be saving is the first step in putting your plan into action. . The sooner you start saving, the more chance your funds have to grow. Compounded investment returns generate a snowball effect when you invest over many years.

Steps to Follow

Complete the information and click the Results button to see how much you may save over the years you plan to invest. Your current balance and planned monthly savings grow at the selected expected rate of return. If you enter a value for the rate of inflation, the contributions will increase each year by the selected rate.

Adjust any inputs and your results will automatically be refreshed.

Expected Rate of Return

Rate of return

Increase deposits each year by the rate of inflation

Annual Cash Flow Summary

Year	Account Balance	Annual Contributions	Expected Investment Income
2024	0	500	12
2025	512	500	38
2026	1,050	500	65
2027	1,615	500	93
2028	2,208	500	123
2029	2,831	500	154
2030	3,485	500	187
2031	4,172	500	221
2032	4,893	500	257
2033	5,650	500	295
2034	6,445	500	335
2035	7,280	500	376
2036	8,156	500	420
2037	9,076	500	466
2038	10,042	500	514
2039	11,056	0	0

Growth in Your Individual Savings

This chart illustrates the accumulation over time of your savings based on your monthly savings amount and the expected rate of return that you selected.

Accumulated Savings at the End of the Term

This chart shows the breakdown of your estimated total assets at the end of your savings period between actual deposits made by you and the investment returns that you have made on those deposits.