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» Definitions |
| Years to save: |
The number of years you have to save. |
| Savings goal: |
The amount you wish to have in
savings at the end of this savings plan. |
| Amount currently saved: |
Total you currently have saved toward
this savings goal. |
| Monthly savings: |
The amount you will contribute each
month to your investments. This calculator also
assumes that you make your contribution at the
beginning of each month. |
| Expected Rate of Return: |
Annual rate of return on your
savings. For example, the long-term rate of return for
the stock market is about 10%. A savings account earns
2% to 5%. |
| Expected Inflation Rate: |
What you expect for the average
long-term inflation rate. |
