All calculators are downloadable Excel spreadsheets that allow you to save and amend your own personal data.With all the spreadsheets, enter your personal data in the purple coloured cells.

savings goal calculator

Wondering how much you need to save each month or each year to get to a future number? This is the calculator for you.

savings goal calculator with different investment returns and contributions

One of my favourites. Just enter your savings goal and this calculator will let you know how many years it will take to reach your goal under different rates of return and annual savings amounts.

compound interest calculator

If you save X amount in X years, how much will you end up with? This is your calculator.

Comprehensive compound interest calculator

Like the compound interest calculator, you can see how much you will end up with over time. However, this sheet allows you to compare between making contributions or not. You can also make as many contributions or withdrawals to your savings amounts over the years to see the impact. In this calculator you can also see how much you have contributed towards the savings and how much interest returns have contributed. The second tab on the spreadsheet allows you to see how different a lump sum contribution looks with different interest rates and different compounding frequencies.

You can read more about this calculator in this article here.

Current savings vs savings needed

Want to see if you are close to on track with your savings? If you have a target savings amount and a timeframe in mind and wondering if the amount you are currently saving is cutting the mustard, this calculator can help.

You will find out the difference between what you are saving and how much you need to save. Whether you are ahead of or behind the eight ball.

dELAY OF SAVINGS CALCULATOR

The impact of delaying savings by even one year can be significant. To the tune of many thousands of dollars. To see how much that delay is costing you, then this is the calculator for you.

There is one calculator if you are saving regularly and another calculator if you just want to save a one off lump sum.

tHE MILLIONAIRE CALCULATOR

So, you want to be a millionaire? Not quite the lofty goal it was several moons ago, but still pretty impressive nonetheless.

This millionaire calculator will tell you how many years it will take you to save a million dollars based on your current savings and future deposits. It also calculates the after inflation value of $1 million dollars today. Finally, the calculator will let you know what changes to your initial deposit or your regular savings are needed to be made to bridge the gap if there is a shortfall between when you want to be a millionaire and when you will likely become one.

Rule of 72 calculator

The rule of 72 is a formula that will let you know how long it will take for you to double your money with a given interest rate. For example, with a 7.2% rate of return, your investment or savings will double in around 10 years (72/7.2).

The formula works for anything with a percentage, such as inflation, pay rises, and so on.

The rule is not quite 100% accurate to the decimal point but it is close enough for all intents and purposes.

This calculator has two options for you.

One where you enter the expected percentage returns and you will be told how long before your original amount doubles in value. You just need to provide your expected percentage returns.

S3econdly, it can also tell you what percentage rate you need in order to double your money in your desired timeframe. You just need to provide your desired timeframe.

Rule of 72 grid

Same as above, except you don’t have to enter any information. You can see a wide range of percentages and years to double your investment in one place. Useful if you have more than one scenario you would like to look at.

More musings on compound interest can be found here.

For personalised advice on how to make best use of your savings to achieve your goals, then get in touch for a no obligations chat to see how we may be able to add value for you.

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