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
| ||
