Savings, Taxes and Inflation


The value of your savings can be affected by both inflation and taxes. Use this calculator to determine how much your savings will be worth with these two important variables in mind. Click the report button to get more information and a year by year savings schedule.


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Definitions

Amount currently saved
Total you currently have saved to be included in this analysis.

Savings per month
The amount you will contribute each month to your savings. This calculator assumes that you make your contribution at the beginning of each month.

Years to save
The number of years you have to save.

Annual rate of return
Pre-tax rate of return on savings. For example, the long-term rate of return for the S&P 500 is about 11%. A savings account earns 2% to 5%.

Federal tax rate
Your marginal federal tax rate.

State tax rate
Your marginal state tax rate.

Expected inflation rate
What you expect for the average long-term inflation rate.

Information and interactive calculators are made available to you as self-help tools for your independent use. We can not and do not guarantee their accuracy or their applicability to your circumstances. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.