Software Solutions for Financial and Tax Professionals

How much will I need to save for a major purchase?
Use this Savings Calculator!

TCalc^TM Online Financial Calculators

How much will I need to save for a major purchase?

This calculator computes how much money you will need to save monthly in order to reach a desired savings goal.

	After-Tax amount savings goal
	Amount you have now
	How long will you save	MonthsYears
	Expected interest rate
	Income tax rate

You need to save $3,849.63 each month for 5 years in order to save $250,000.00 after-tax.

Calculator tips

This calculator uses monthly compounding and monthly deposit frequency.

In this calculator, taxes are computed at the end of the savings term using the Income tax rate you entered. Income tax rates may further affect the compounded rate of return depending upon the type of savings account you have.

Calculator disclaimer

The information provided by these calculators is for illustrative purposes only. The default figures shown are hypothetical and may not be applicable to your individual situation. Be sure to consult a financial professional prior to relying on the results. The calculated results are intended for illustrative purposes only and accuracy is not guaranteed.

WebMasters: Copy the code below to link to this calculator.
<a href="http://www.timevalue.com/calculators/major-purchase-calculator.aspx">
How much will I need to save for a major purchase?</a>

Savings Calculator

Now you can add this savings calculator to your website. Encourage your visitors to start saving money now. TimeValue software offers an affordable licensing program. Our online financial calculators integrate right into your existing website. Customize these calculators with the style and look of your site while promoting your own products and services. Add a contact form, and use the calculators as an online lead generator.

Interested in Adding Financial Calculators to Your Website?

Or give us a call at 800.426.4741. We will show you how calculators are being used in a website for a business similar to yours.

Site Guide

Home Products Order Replacement Files Register Software Technical Support What's New

How much will I need to save for a major purchase?Use this Savings Calculator!

TCalcTM Online Financial Calculators