Financial calculators2/21/2023 ![]() ![]() This calculator will show the advantage, if any, of converting your pre-tax 401(k) to a Roth 401(k). Use this calculator to see what your net withdrawal would be after taxes and penalties are taken into account. Plan your retirement with a company pension, find out if you are on track - and learn how to stay there. Use this calculator to determine how much monthly income your retirement savings may provide you in your retirement. This financial calculator will also look at potential future year's distribution requirements. Use this calculator to determine your Required Minimum Distributions (RMD) as an account owner of a retirement account. Use this calculator to compare the results of getting a lump sum payout instead of a guaranteed monthly pension for life. Use this calculator to help decide between joint survivorship and single survivorship pension options. Use this calculator to determine your maximum Individual 401(k) contribution as compared to three other possible plan options. Individual 401(k) Contribution Comparison Use this calculator to see how long your retirement savings will last based on your retirement savings and your inflation adjusted withdrawals. H elps in Setting a Financial Goal: As investors learn about the future worth of their present investment, they can set a financial goal (purchase a dream house, make retirement planning, invest for child’s higher education etc.) accordingly.Īpart from knowing the benefits of using a Future Value calculator, one must know the factors that affect this calculation.Retirement Savings and Planning How long will my retirement savings last?.Helps to Choose Right Kind of Investment: Investors can choose the right investment option that guarantees a return above inflation for a long period of time.Even if individuals calculate these details, the process will be tiring. The manual calculation cannot provide this kind of information. In addition, this Future Value Calculator helps investors decide whether they must increase the number of times of deposit the investment. Helps to Decide the Deposit Amount: By using this calculator, investors can decide whether they must increase the investment amount.Here, individuals can eliminate the need of calculating manually hence they can save a lot of time. Shows Quick Results: Being an online tool, this Future Value Calculator shows results quickly.To calculate the worth of that investment after 10 years of time, Mr Roy has to enter these data in the calculator.ġ2 (Number of compounds per period is 12 for monthly compounding)Ī If the deposit is made at the end of each monthĪ If the deposit is made at the beginning of each monthįuture Value Calculator offers several benefits to individuals/investors. (Here, compounding occurs at 12 compounds per period). Suppose Mr Roy deposits ₹ 10,000 per month (here, the deposit is made at the end of each month) at an interest rate of 8%, which compounds monthly. The Future Value Calculator functions with a set formula. Now that individuals know the formula, let’s learn how it works in a calculator. There is another formula that works on the basis of deposits made at the beginning of each month or year.Ī = PMT (((1 + r/n)^(nt) – 1) / (r/n)) * (1+r/n) T = Number of periods the money is invested Let’s decode the variables present in this formula, Note: This formula works on the basis of deposits made at the end of each month or year. ![]() Here, one can use a standard formula of the same read on. To calculate the future value of an investment, one has to consider a series of regular deposits at a specific rate of interest and number of years. ![]()
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