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Initial deposit
Regular deposits
Interest

Total deposits

XX,XXX.XX

Total interest

XX,XXX.XX

Final balance

XX,XXX.XX
Initial deposit
Regular deposits
Interest

Total deposits

XX,XXX.XX

Total interest

XX,XXX.XX

Final balance

XX,XXX.XX
Year Total deposits Total interest Balance

Now that you've seen how your savings could grow, it's time to take action!

  • See how giving up just a few everyday items can free up cash - Small Change, Big Savings.

  • Make saving convenient, like paycheck contributions to your employer's retirement plan or automated transfers from your checking account.

  • Talk to an ICMA-RC representative

Disclaimer & Assumptions

Disclaimer

This calculator is for illustrative purposes only and carries out calculations based on the data you input and assumptions about the future such as inflation rates and investment returns. None of us can predict the future, so please remember that the results shown by the calculator are for illustration purposes only and do not guarantee any future outcome or entitlement. Your actual account balance at retirement is likely to differ from the estimated figures shown.

While considerable effort has been made to validate the calculations used, the accuracy of the calculations cannot be guaranteed and the results are for illustration purposes only.

Any choices you make or data that you enter while using the calculator are erased once you have finished using the calculator. However, you have a responsibility to ensure that you exit the website when you are finished with the calculator, especially if you leave your computer for any length of time.

The calculator should be used in conjunction with other available communications and not as the sole source of information when making decisions about your personal finances.

You may wish to seek independent financial advice before making any personal finance decisions.

Assumptions

Contributions

Savings are assumed to be added as regular, after-tax monthly contributions into a savings account.

Any contribution limits relating to a specific savings account are ignored. The calculator assumes all contributions can be saved without additional tax or fees.

Investment returns

The calculator assumes an effective average annual return.

Investment returns are assumed to be consistent for the duration of the savings period.

Lower interest rate will affect your balance...

As the interest rate is below 3%, the interest added to your balance could be a negative amount due to the effect of inflation. For the purposes of this modeler, all negative interest is defaulted to $0.

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