Investment Goal

What will it take to reach your investment goal? Use this investment goal calculator to determine how much your investment might grow before taxes, after taxes and after taxes and inflation. It will also provide suggestions on what to change if your plan doesn't look like it will meet your investment goal.

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An initial investment of AMT_CURRENT and contributions of AMT_SAVE_PERIOD SAVING_FREQUENCY_LOWER may total CURRENT_ENDING_BALANCE in YEARS_TO_SAVE years.

This assumes you have a tax-deferred investment with a rate of return of ROR_INVEST that compounds COMPOUND_SELECTION_LOWER. It also assumes that all new contributions happen at the PAYMENTS_AT_START of each SAVING_FREQUENCY_SHORT period. If your investment's earnings were taxable at a combined marginal tax rate of MARGINAL_TAX_RATE, your ending balance would be reduced to CURRENT_ENDING_BALANCE_AF. After taxes and INFLATION_RATE annually for inflation, your total would be further reduced to CURRENT_ENDING_BALANCE_AFI. **GRAPH**

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Results Summary
Investment goal AMT_TARGET
Number of years to accumulate YEARS_TO_SAVE
Amount of initial investment AMT_CURRENT
Periodic contribution AMT_SAVE_PERIOD SAVING_FREQUENCY_LOWER
Rate of return on investment ROR_INVEST
Compounded COMPOUND_SELECTION
Expected inflation rate INFLATION_RATE
Federal marginal tax rate FED_TAX_RATE
State marginal tax rate STATE_TAX_RATE
State taxes deductible on Federal return?STATE_TAXES_DEDUCTIBLE
Combined marginal tax rateMARGINAL_TAX_RATE
Tax-Deferred Investment TotalCURRENT_ENDING_BALANCE
Taxable Investment TotalCURRENT_ENDING_BALANCE_AF
Taxable Investment After InflationCURRENT_ENDING_BALANCE_AFI

Investment Results by Year

**REPEATING GROUP**

Investment Goal Definitions

Investment goal
Your goal for the total value of your investment or investments.
Years to accumulate
The number of years you have to save.
Amount of initial investment
Total you amount you will initially invest or have currently have invested toward your investment goal.
Periodic contribution
The amount you will contribute each period to your investment. You are also able to select whether you wish to have your contribution happen at the beginning or the end of the period.
Contribution frequency
The frequency you will make regular contributions to this investment.
Compound interest
Interest on an investment's interest, plus previous interest. The more frequently this occurs, the sooner your accumulated interest will generate additional interest. You should check with your financial institution to find out how often interest is being compounded on your particular investment.
Make deposits at beginning of the period
Check this box to have all additional contributions happen at the beginning of each period. Uncheck this box for the end of the period. Making contributions at the beginning of each period allows your money to begin earning a return immediately increasing your return.
Rate of return on investment
This is the rate of return you expect from your investments. You are also able to select the frequency that earnings are compounded in your investment account. The actual rate of return is largely dependent on the types of investments you select. The S&P 500® for the 10 years ending Dec. 31st, 2013 had an annual compounded rate of return of 7.3%, including reinvestment of dividends. From January 1970 through the end of 2013, the average annual compounded rate of return for the S&P 500®, including reinvestment of dividends, was approximately 10.6% (source: www.standardandpoors.com). Since 1970, the highest 12-month return was 61% (June 1982 through June 1983). The lowest 12-month return was -43% (March 2008 to March 2009). Savings accounts at a bank may pay as little as 0.25% or less but carry significantly lower risk of loss of principal balances.

It is important to remember that these scenarios are hypothetical and that future rates of return can't be predicted with certainty and that investments that pay higher rates of return are generally subject to higher risk and volatility. The actual rate of return on investments can vary widely over time, especially for long-term investments. This includes the potential loss of principal on your investment. It is not possible to invest directly in an index and the compounded rate of return noted above does not reflect sales charges and other fees that funds and/or investment companies may charge.

Expected inflation rate
This is what you expect for the average long-term inflation rate. A common measure of inflation in the U.S. is the Consumer Price Index (CPI). From 1925 through 2013 the CPI has a long-term average of 3.0% annually. Over the last 40 years highest CPI recorded was 13.5% in 1980. For 2013, the last full year available, the CPI was 1.7% annually as reported by the Minneapolis Federal Reserve.
Federal marginal tax rate
Your Federal marginal tax rate. Use the table below to assist you in estimating your Federal 2014 tax rate.
Filing Status and Income Tax Rates 2014*
Tax RateMarried Filing Jointly or Qualified Widow(er)SingleHead of HouseholdMarried Filing Separately
10%$0 - $18,150$0 - $9,075$0 - $12,950$0 - $9,075
15%$18,150 - $73,800$9,075 - $36,900$12,950 - $49,400$9,075 - $36,900
25%$73,800 - $148,850$36,900 - $89,350$49,400 - $127,550$36,900 - $74,425
28%$148,850 - $226,850$89,350 - $186,350$127,550 - $206,600$74,425 - $113,425
33%$226,850 - $405,100$186,350 - $405,100$206,600 - $405,100$113,425 - $202,550
35%$405,100 - $457,600$405,100 - $406,750$405,100 - $432,200$202,550 - $228,800
39.6%over $457,600over $406,750over $432,200over $228,800
*Caution: Do not use these tax rate schedules to figure 2013 taxes. Use only to figure 2014 estimates. Source: 2014 tax brackets http://www.irs.gov
State marginal tax rate
Your marginal state tax rate. If your state taxes are deductible on your Federal return, we will take this into account when calculating your combined state and Federal marginal tax rate.
Deductible state taxes
Check here if your state taxes are deductible on your Federal return. Generally speaking if you itemize your deductions on Schedule A of your Federal return you should check this box.


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