Roy Walker IFA - Financial Adviser In Dubai

Q:   If I save $1000 per month for ten years, at an average net growth rate of 5% per annum, how much will my savings fund be worth? or how about… Q:   If I save $2500 per month for twenty years, at an average net growth rate of 8% per annum, how much will my savings fund be worth? Calculate how much your funds will grow, using this Savings Plan Growth Calculator. All you need do is enter the amount to save each month, and the annual growth rate, and the spreadsheet does the rest. Download   Ideal savings and investment plan growth calculator. Example output:

What’s your number? What is your target age for retirement? How much income will you need? What size retirement fund should you have? How much do you need to save to get there? Basic financial planning for retirement is straightforward, you just have to follow the right steps. This calculator - built on an Excel spreadsheet and very easy to use - will guide you through the process. Please download and try it! Download the ultimate retirement planning calculator.

Suppose you wanted to build a retirement fund of $1 million by the time you’re 55. If you were starting from scratch, how much must you save each month? It goes without saying that the two important factors are the rate of return on your money, and the time it has to grow . (Note that the annual growth rates used in the above table are net - i.e. they are after any investment charges or costs of any savings product.) To see more detail about how your savings might grow, take a look at the following: Retirement contribution calculator table (6%) Retirement contribution calculator table (7%) Retirement contribution calculator table (8%)