Savings Goal Calculators
This page offers 2 separate calculators which help savers figure their finances.
- The first calculator presumes you know how much you are going to save each month, but want to calculate how long it will take you to reach your goal.
- The second calculator presumes you know when you need to have money saved up by, but do not know how much you will need to save in order to reach that goal.
Enjoy Your Savings!
I very frequently get the question:
'What's going to change in the next 10 years?' And that is a very interesting question; it's a very common one. I almost never get the question: 'What's not going to change in the next 10 years?' And I submit to you that that second question is actually the more important of the two — because you can build a business strategy around the things that are stable in time. … [I]n our retail business, we know that customers want low prices, and I know that's going to be true 10 years from now. They want fast delivery; they want vast selection. It's impossible to imagine a future 10 years from now where a customer comes up and says, 'Jeff I love Amazon; I just wish the prices were a little higher,' [or] 'I love Amazon; I just wish you'd deliver a little more slowly.' Impossible. And so the effort we put into those things, spinning those things up, we know the energy we put into it today will still be paying off dividends for our customers 10 years from now. When you have something that you know is true, even over the long term, you can afford to put a lot of energy into it." - Jeff Bezos
Every investment you make comes with a substantial risk of loss of principal or purchasing power. The safest investment you can make is investing in yourself.
If you let others manage your investments, the single biggest factor you can control is your investment-related expenses, as they have a big impact on compounding.