A savings calculator helps you to plan. You set a goal and it provides guidance and helps you to reach that goal. With any good compounded savings calculator the five most important inputs that you have to think about are: (1) the amount you have already saved (if anything); (2) what you expect to earn on your investments; (3) the number of periods you plan to make regular deposits; (4) the amount you plan to regularly save; and (5) and the goal amount you want to achieve.

The Pine Grove Software Savings Calculator will solve for any one of four inputs. (You either currently have some savings or you don't. Therefore it is not possible to calculate current savings — beyond adding up the money in various accounts of course.) With any of the other four inputs, you enter a zero for the one unknown value to indicate what you want calculated. This design gives you the ability to answer any of the following questions:

- How much do I have to save regularly to reach my goal amount?
- Assuming a regular savings amount of "X", how much will I have after "Y" periods?
- How many more periods do I have to save to reach my goal?
- What rate of return do I have to achieve to reach my goal in "X" periods?

We think our savings calculator is a unique design. After you have planned out a strategy for reaching your financial goals, you can also use this calculator to see how long your goal amount will last once you start making regular withdrawals. How do you setup this calculation? It's simple.

Enter in the "Savings on Hand" your goal amount. Enter "0" for the "Number of Periods" Now, here's the secret. For the "Periodic Savings Amount" enter the amount you want to regularly withdrawal as a negative value. And, since you want to see how long the goal amount will last, that is, you are going to withdrawal "X" amount until the future value is zero, you are going to enter "0" as the goal.

Naturally, you can also calculate the amount you can withdrawal if you want to set the number of periods. Remember, if you are making monthly withdrawals and you want the money to last 30 years, then you would enter 360 for the "Number of Periods".

One other thing we should point out. If you set the "Savings on Hand" and the "Goal Amount" to the same value, enter an interest rate and any number of periods, the calculator will calculate a withdrawal amount equal to the interest earned in the period. If you use this amount as your withdrawal amount, then you'll never deplete your principal — that is, you'll never run out of money.

Here's our online savings calculator.

This calculator replaces the Payment Required Calculator that had been in *SolveIT! v6.0*.

Features in common for all calculators.

In a hurry? Here's a short

description of every calculator.

Do you need to confirm or record payments paid on a loan?

If so, then try *C—Value!* and our step-by-step

loan servicing tutorial.

Download a trial of *SolveIT!* to try this calculator.

No personal information required.

No obligation.

No restrictions.

click to view

Updated! Online!

Time Value of Money

Calculator

To purchase

this calculator,

purchase a copy

of *SolveIT!*

*SolveIT!*

-over 40 calculators-

$99.95

Get immediate program access.

Download and use.

No waiting.

90-day money

back guarantee.

Calculations Grouped by Function

New & Popular Calculators

- Amortization Schedule — show/print payment schedule
- Auto Loan — supports optional trade in or deposit
- Budget — income & expense allocation
- Balloon Loan — structure loan with balloon
- Debt Adviser — evaluate 4 debt elimination plans
- Goal Planning — design both savings & spending needs
- Loan calculator — solve for any unknown
- Mortgage Calculator — solves for 6 variables
- Net Worth — assets minus liabilities
- Value of an Annuity — present value of cash flow
- Savings Calculator — calculate 4 unknowns

Time Value of Money Tutorials

- One loan multiple borrows — setup construction loan
- Structured loan — skipped or stepped payments
- Special payment series — initially only interest paid
- Biweekly payments — save interest
- Audit loan balance — w/ optional irregular payments
- ARM — loan with any date interest rate changes
- Buying mortgages? Calculate mortgage's present value.
- Over 20 Other Step-by-Step Guides
- Video Tutorials

Home
Site Help Site Map
©
Pine Grove Software, LLC, All Rights Reserved. Privacy Policy Contact Us
Store Blog