Next, enter the number of years you have to save for your goal.Years to goal:
Now, you have to make two assumptions:
What will the inflation rate be during this period?(Four or five percent might be reasonable.)Estimated inflation rate: %
How big an investment return can I expect on my savings? Ten percent is very good in most years. Since no one knows for sure, your guess is as good as anyone else's. (Try changing your assumptions to see the impact on how much you need to save.)Estimated rate of return: %
Press the tab key to update results in the right column