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Wednesday, November 4, 2015

SMART SAVINGS & INVESTMENT CALCULATOR | CHILDREN MARRIAGE OR EDUCATION | RETIREMENT

SMART SAVINGS & INVESTMENT CALCULATOR | CHILDREN MARRIAGE OR EDUCATION | RETIREMENT

SMART SAVINGS CALCULATOR

Planning A FAMILY VACATION, OR BUYING A NEW CAR – MEETING YOUR FUTURE GOALS, HAJ UMRA, CHILDREN EDUCATION/WEDDING , HOUSE BUILDING, RETIREMENT etc.requires that you save on a regular basis. Use this calculator to find out how much your monthly savings will be worth in the future.

How much money do you intend on saving on a monthly basis? Rs. 2000

How many years do you intend to save for?                                               Years 5

What is the annual return you expect to earn on your investments?       % 14

 

The future value of your savings

If you save Rs. 2,000every month for 5year(s), the value of your investments at the end of this period would be Rs. 168,581(on an assumed rate of return of 14% p.a.).
The amount that you would have invested during this period would be Rs. 120,000.

 

CONTRIBUTION COMPARISON

Monthly Contribution Rs.2,000
Yearly Contribution   Rs. 24,000

Single  Contribution
Rs. 100,000
YEARS
AMOUNT
INVESTED
ASSUMED RETURN
YEARS
ASSUMED RETURN
@05% P.A
@14% P.A
@20% P.A
@05% P.A
@14% P.A
@20% P.A
5
120,000
135,627
168,581
194,431
5
127,628
192,541
248,832
10
240,000
308,726
493,170
678,239
10
162,889
370,722
619,174
15
360,000
529,649
1,118,138
1,882,106
15
207,893
713,794
1,540,702
20
480,000
811,609
2,321,461
4,877,713
20
265,330
1,374,349
3,833,760
25
600,000
1,171,469
4,638,357
12,331,742
25
338,635
2,646,192
9,539,622
30
720,000
1,630,752
9,099,341
30,879,750
30
432,194
5,095,016
23,737,631
35
840,000
2,216,926
17,688,585
77,033,132
35
551,602
9,810,018
59,066,823
40
960,000
2,965,049
34,226,441
191,877,514
40
703,999
18,888,351
146,977,157
          

1 comment:

Sarah Edward said...

Thanks for sharing such an informative article. I really enjoyed it.

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