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investment calculator 📱
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how the investment calculator works
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The calculator provides an estimate of how your investment will grow, based on your input. Here's what you'll need to add into the calculator:
• An initial investment amount: How much you plan to invest to start.
• How long your investment will grow: This is how long you plan to leave your money in your investment.
expected rate of return
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Your expected returns will depend on your investment approach. As a simple reference, the S&P 500, a well-known index, has historically grown by about 10% per year on average, or around 7% after inflation. You can also check your own investment account statements to see how your past investments have performed.
planned additional investments
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Some financial products, like savings accounts, will have a specific compounding frequency to input here. If your expected return is annual — for example, in step 3, you assumed a 7% annual return — you'll want to set the compounding frequency to annually as well. If you're not sure, you can select annually to be conservative.
investment compound frequency
If you plan to add more money to your investment over time, enter the amount in the “recurring investments” section. Then, choose whether you will add this amount every month or once a year.