How much do I need to save each month in order to have $______ ?
Return % 

Years 
4% 
6% 
8% 
10% 
12% 
1 
12.22 
12.34 
12.45 
12.56 
12.68 
5 
66.23 
68.77 
73.32 
77.36 
81.67 
10 
146.94 
163.88 
182.13 
204.38 
230.04 
15 
245.29 
290.82 
343.59 
412.95 
499.58 
20 
365.13 
462.04 
583.20 
755.44 
989.26 
25 
485.43 
692.99 
938.75 
1317.83 
1879.85 
30 
689.12 
1004.52 
1466.38 
2241.29 
3494.96 
35 
905.97 
1424.71 
2249.33 
3757.66 
6430.96 
40 
1170.22 
1991.49 
3411.20 
6247.62 
11764.77 
How Table Works:
Example #1:
You have established a savings goal of $500,000. You need to accomplish your goal in 20 years. How much will you need to save each month in order to accomplish your goal?
Three know factors are needed:
#1 Dollar amount goal $500,000
#2 Projected return % on investments 10%
#3 Number of years to reach goal 30 Years
First find where 10% and 30 years on the table intersect: The factor given is 2241.29
Second, divide your goal of $500,000 by 2241.29. The answer is $223.08.
Therefore you will need to save $223.08 each month for 30 years in order to accomplish your goal.
Example #2:
You have established a savings goal of $20,000. You need to accomplish your goal in 5 years. How much will you need to save each month in order to accomplish your goal?
Three know factors are needed:
#1 Dollar amount goal $20,000
#2 Projected return % on investments 6%
#3 Number of years to reach goal 5 Years
First find where 6% and 5 years on the table intersect: The factor given is 68.77
Second, divide your goal of $20,000 by 68.77. The answer is $290.82.
Therefore you will need to save $290.82 each month for 5 years in order to accomplish your goal.
I am saving $____ annually. How much will it be worth in ___ years?
Return % 

Years 
6% 
8% 
10% 
12% 
5 
5.64 
5.87 
6.11 
6.35 
10 
13.18 
14.49 
15.94 
17.55 
15 
23.28 
27.15 
31.77 
37.28 
20 
36.79 
45.76 
57.28 
72.05 
25 
54.87 
63.11 
98.35 
133.33 
30 
79.06 
113.28 
164.49 
241.33 
35 
111.44 
172.32 
271.02 
431.66 
40 
154.76 
259.06 
442.59 
767.09 
45 
212.74 
386.51 
718.91 
1358.23 





How this table works:
Example #1:
You are investing $4,000 in an IRA each year. You plan to do this for the next 30 years.
You project you can earn 10% on your investment in a good mutual fund. How much will you have in your investment account in 30 years?
In using this table, three know factors are needed:
#1 Dollar amount to be invested each year: $4,000
#2 Projected return % on your investment: 10%
#3 Number of years you plan to invest: 30 Years
First, find where 10% and 30 years on the table intersect: The factor given is 164.49
Second, multiply 164.49 X $4,000. The answer is $657,960.
Example #2:
You are investing $2,000 in a mutual fund each year. You plan to do this for the next 10 years. You project you can earn 8% on your investment in a good mutual fund. How much will you have in your investment account in 10 years?
In using this table, three know factors are needed:
#1 Dollar amount to be invested each year: $2,000
#2 Projected return % on your investment: 8%
#3 Number of years you plan to invest: 10 Years
First, find where 8% and 10 years on the table intersect: The factor given is 14.49
Second, multiply 14.49 X $2,000. The answer is $28,980.
© copyright  2000, Ethan Pope