Setting a goal is a crucial step in meeting your savings objectives. Do you have specific savings goals, or are you merely hoping you’ll have enough when the need arises?
This calculator is designed to help you determine how much you need to save each year to meet your savings goals.
Are you satisfied with your savings accumulation? This graph shows the amount you would have to save each year to meet your goal at various rates of return. But remember that one of the most important steps you can take to work toward your goals is to avoid procrastination. Start saving for your goals today.
Impact of Rate of Return on Annual Savings Required
The information provided is not specific investment advice, a guarantee of performance, or a recommendation. Rates of return will vary over time, particularly for long-term investments. Investments offering the potential for higher rates of return also involve a higher degree of risk.