Consistent investments over a number or years can be an effective strategy to accumulate wealth. Even small additions to your savings add up over time. This calculator demonstrates how to put this savings strategy to work for you. Click the "View Report" button for a detailed look at the results and share them with your financial advisor.
The starting balance or current amount you have invested or saved.
The amount that you plan on adding to your savings or investment each period. The investment period options include monthly, quarterly and annually. This calculator assumes that you make your contribution at the beginning of each period.
The total number of years you are planning to save or invest.
Rate of return
The annual rate of return for this investment or savings account. Historically the major stock indexes have averaged 11% to 12% per year. If you plan on withdrawing your money within five years, you may wish to choose a more conservative rate of return. An ordinary savings account earns 2% to 5%.
This is the frequency that your investment's interest or income is added to your account. The more frequently this occurs, the sooner your accumulated interest income will generate additional interest. For stock and mutual fund investments you should choose 'Annual'. For savings accounts and CDs all of the options are valid, although you will need to check with your financial institution to find out how often interest is being compounded on your particular investment.
Investing involves risk, including possible loss of principal. Withdrawals from a tax-deferred account are taxable at the time of withdrawal at then-current tax rates, and early withdrawals may be subject to a penalty.
Calvert and its affiliates do not provide tax advice, and nothing on this site should be construed as tax advice. Before acting on any such information, consult your own accountant or tax advisor.
The tools and calculators provided on this site are for educational and illustrative purposes only and are not intended to provide investment advice. The information herein has been obtained from sources believed to be reliable, but Calvert makes no representations as to its accuracy or completeness. The accuracy of the calculations and their applicability to your circumstances are not guaranteed. For personal advice regarding your financial situation, please consult with a financial advisor.