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Generic Savings Calculator
See how much you can save by simply changing from premium-priced items to their less expensive alternatives, and how much you can earn by investing all or part of what you save.
Generic Savings Calculator
Requirements:
This calculator requires Netscape Navigator or Internet Explorer 3.0 or higher. You must also enable JavaScript in your browsers user preferences panel.
Instructions:
When making entries into the entry boxes, only numbers and decimal points are permitted. Typing dollar signs, commas and other non-numeric characters will result in an error message. If an entry box does not apply to you, please enter "0" (zero).
Enter your current age:
Enter the age you plan on retiring at:
Enter the age you expect to live until:
Enter the price you are currently paying for a higher priced name-brand product or service:
Enter the price of a lower-priced functional equivalent (generic):
Enter the number times you purchase this item per month:
Savings Per...
Purchase
Month
Year
Retire
Lifetime
Enter the average annual interest rate you might expect to earn if you were to deposit these savings into an investment as they were realized:
This is how much your investment will be worth at retirement age:
This is how much you would be able to withdraw from your investment during each month of your expected retirement:
This is the total future value of your invested savings between now and your life expectancy:
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