Savings Interest Calculator
http://www.vertex42.com/Calculators/savings-interest-calculator.html
v 1.0
© 2008 Vertex42 LLC
Savings Plan Inputs
Years to Invest Initial Investment Expected Annual Interest Rate
Summary of Results
Estimated Future Value $ 95,580.75 Value After 20 Years Gain / Loss Summary Total Invested $ 58,000.00 $ 37,580.75 Interest Earned (Lossed)
$
20 10,000 4.00%
Scheduled Deposits Deposit Amount $ 200.00 Deposit Frequency Monthly
Additional Annual Investments
$120,000
Balance
$100,000 $80,000 $60,000 $40,000 $20,000 $0 5 10 15 20 25
My Investment
Min Max Average
Use Random Rates FALSE
-4.00% 10.00% 4.00%
(Press F9 to Recalculate)
Year
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22
Rate
4.00% 4.00% 4.00% 4.00% 4.00% 4.00% 4.00% 4.00% 4.00% 4.00% 4.00% 4.00% 4.00% 4.00% 4.00% 4.00% 4.00% 4.00% 4.00% 4.00% 4.00% 4.00%
Interest
$451.91 $568.10 $689.02 $814.88 $945.85 $1,082.17 $1,224.04 $1,371.69 $1,525.35 $1,685.28 $1,851.72 $2,024.94 $2,205.22 $2,392.84 $2,588.11 $2,791.33 $3,002.84 $3,222.96 $3,452.04 $3,690.46 $3,938.60 $4,196.84
Scheduled Deposits
$ 10,000 2,400 2,400 2,400 2,400 2,400 2,400 2,400 2,400 2,400 2,400 2,400 2,400 2,400 2,400 2,400 2,400 2,400 2,400 2,400 2,400 2,400 2,400
Extra Annual Deposits
$
Balance
10,000.00 12,851.91 15,820.01 18,909.03 22,123.91 25,469.76 28,951.93 32,575.97 36,347.66 40,273.01 44,358.29 48,610.01 53,034.94 57,640.16 62,433.00 67,421.11 72,612.45 78,015.28 83,638.24 89,490.28 95,580.75 101,919.35 108,516.19 © 2008 Vertex42.com
Year
23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60
Rate
4.00% 4.00% 4.00% 4.00% 4.00% 4.00% 4.00% 4.00% 4.00% 4.00% 4.00% 4.00% 4.00% 4.00% 4.00% 4.00% 4.00% 4.00% 4.00% 4.00% 4.00% 4.00% 4.00% 4.00% 4.00% 4.00% 4.00% 4.00% 4.00% 4.00% 4.00% 4.00% 4.00% 4.00% 4.00% 4.00% 4.00% 4.00%
Interest
$4,465.61 $4,745.33 $5,036.44 $5,339.41 $5,654.72 $5,982.89 $6,324.42 $6,679.86 $7,049.79 $7,434.79 $7,835.48 $8,252.48 $8,686.48 $9,138.16 $9,608.25 $10,097.48 $10,606.65 $11,136.56 $11,688.06 $12,262.03 $12,859.38 $13,481.07 $14,128.09 $14,801.47 $15,502.29 $16,231.65 $16,990.73 $17,780.74 $18,602.94 $19,458.63 $20,349.18 $21,276.02 $22,240.62 $23,244.51 $24,289.31 $25,376.68 $26,508.34 $27,686.11
Scheduled Deposits
2,400 2,400 2,400 2,400 2,400 2,400 2,400 2,400 2,400 2,400 2,400 2,400 2,400 2,400 2,400 2,400 2,400 2,400 2,400 2,400 2,400 2,400 2,400 2,400 2,400 2,400 2,400 2,400 2,400 2,400 2,400 2,400 2,400 2,400 2,400 2,400 2,400 2,400
Extra Annual Deposits
Balance
115,381.80 122,527.12 129,963.56 137,702.97 145,757.69 154,140.58 162,865.00 171,944.86 181,394.65 191,229.44 201,464.92 212,117.40 223,203.89 234,742.05 246,750.29 259,247.77 272,254.42 285,790.98 299,879.04 314,541.06 329,800.45 345,681.52 362,209.61 379,411.08 397,313.36 415,945.02 435,335.75 455,516.49 476,519.43 498,378.06 521,127.24 544,803.26 569,443.88 595,088.40 621,777.71 649,554.39 678,462.73 708,548.84
© 2008 Vertex42.com