Future Value (FV), Goal Amount?:

Total Periods? (#):

Savings Frequency?:

Compounding Frequency?:

Annual Rate?:

Amount to Save:

Total Invested:

Gain:

Total Years:

Years to Double:

(c) 2011 Pine Grove Software, LLC All rights reserved.

The How Much to Save Calculator solves for the regular investment amount required to reach some future sum. Enter your goal (future value). Then enter the number of periods for which you plan to make the regular payment (180 total periods with payment frequency set to monthly equals 15 years). Set the payment and compounding frequency. Enter the expected annual return (annual interest rate).

This calculator is most often used to answer questions such as "how much do I have to save to be a millionaire in 20 years?"

Enter 1,000,000.00 for the future value. Assuming that you want to save on a quarterly basis, enter 80 for the total periods (80 payments/deposits made 4 times a year is 20 years). Set the payment frequency to Quarterly. Set the compounding frequency to your assumed compounding frequency. Finally set the assumed rate of return, say 8.5%.

For the above example, if compounding is set to quarterly, then the investor will have to invest $4,854.57 every quarter for 80 quarters to reach $1,000,000.00.

Styles:

plain

plainer

zip zilch

Currency

$1,234.56

$1.234,56

£1,234.56

1,234.56

Conventions:

€1,234.56

€1.234,56

1 234,56 €

1.234,56 €

Click on desired currency convention or style to change.

You can use this quick and easy calculator to calculate what the regular, periodic savings amount (periodic payment) would be to reach some future amount (FV). The "years to double" is the time it takes an investment to double in value at the "annual rate" you entered. This is a basic financial planning tool.

Please click on the above "Help" button for details.

You may link to this page using this HTML code. Just copy and paste:

<a href="http://www.pine-grove.com/online-calculators/how-much-to-save-calculator.htm" title="Pine Grove Software's Free Financial Calculators">Online Millionaire Calculator</a>

Updated! Online!

Time Value of Money

Calculator

Doing retirement planning or planning for college? SolveIT! v6.1 has a new, very flexible "Financial Goal Planning Calculator".

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