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Savings Accumulation Chart
Savings Calculator
This calculator is used to estimate how much you need to save in each month to achieve a savings goal. It’s a savings goal calculator. To see the effect of how much savings you are accumulating, you can use Investment Calculator.
To use this calculator effectively, please provide the following information:
1. Savings Goal ($): Enter the amount you want to accumulate by the end of a specified period.
2. Starting Amount ($): Enter the initial amount of money you are starting your investment with.
3. Saving Period (Years): Enter the number of years you plan to invest for. Normally, the longer the period is, the more compounding of return is accrued and the greater the rewards.
4. Annual Interest Rate (%): Enter the annual interest rate for your investment. This is the percentage increase you expect to see in your savings each year.
After filling in all the parameters, click the “Calculate” button to get how much you need to save each month to achieve the savings goal you specify.