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Savings, Taxes, and Inflation

The value of your savings can be affected by both taxes and inflation. Use this calculator to determine how much your savings will be worth with this in mind. Click the "View Report" button to get more information and a year-by-year savings schedule.

After YEARS_TO_SAVE years you will have accumulated AMOUNT_SAVED_BTI.

After YEARS_TO_SAVE years you will have accumulated AMOUNT_SAVED_BTI before taking taxes and inflation into account. Inflation and taxes would reduce the value of your savings by AMOUNT_REDUCED_BY_TAXES_AND_INFLATION over those YEARS_TO_SAVE years. This leaves you with AMOUNT_SAVED_AFTI. **GRAPH**

Results Summary

Savings Results Summary
Amount currently saved:AMT_CURRENT
Amount to save per month:AMT_SAVE_MONTH
Years to save:YEARS_TO_SAVE
Annual rate of return:ROR_INVEST
Federal tax rate:FED_TAX_RATE
State tax rate:STATE_TAX_RATE
Inflation rate:INFLATION_RATE
Total savings after YEARS_TO_SAVE years:AMOUNT_SAVED_BTI
Savings after taxes:AMOUNT_SAVED_AFT
Savings after inflation and taxes:AMOUNT_SAVED_AFTI

Savings results by year


Savings, Taxes, and Inflation Definitions

The number of years you have to save.
Monthly contributions
The amount you will contribute each month to your savings. This calculator assumes that you make your contribution at the beginning of each month.
Amount currently invested
Total you have saved to date to be included in this analysis.
Expected rate of return
This is the annually compounded rate of return you expect from your investments before taxes. The actual rate of return is largely dependent on the types of investments you select. The Standard & Poor's 500® (S&P 500®) for the 10 years ending Dec. 1st, 2015, had an annual compounded rate of return of 7.76%, including reinvestment of dividends. From January 1970 through to Dec. 2015, the average annual compounded rate of return for the S&P 500®, including reinvestment of dividends, was approximately 10.5% (source: 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 financial institution 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 Separate Account investment funds and/or investment companies may charge.

Federal tax rate
Your marginal federal tax rate.
State tax rate
Your marginal state tax rate.

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 2015 the CPI has a long-term average of 2.9% annually. Over the last 40 years highest CPI recorded was 13.5% in 1980. For 2015, the last full year available, the CPI was 0.0% annually as reported by the Minneapolis Federal Reserve.

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