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Financial Calculators from
Dinkytown.net

Financial Calculators ©1998-2015 KJE Computer Solutions, LLC









You could reach your goal in 4 years, 2 months.
Savings plan inputs:
Press spacebar to hide inputs
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$0
$1k
$10k
$100k
1
34
67
100
$0
$1k
$10k
$100k
$0
$1k
$5k
$20k
0%
4%
8%
12%
0%
4%
8%
12%
0%
33%
66%
100%
0%
33%
66%
100%
Please view the report to see detailed results in tabular form.
Savings Plan by Year
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Definitions

Savings goal
The amount you wish to have in savings at the end of this savings plan.
Years to save
The number of years you have to save.
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
This is the annually compounded rate of return you expect from your savings (after taxes).

The actual rate of return is largely dependent on the types of investments you select. The Standard & Poor's 500® (S&P 500®) for the 10 years ending Dec. 1st, 2014, had an annual compounded rate of return of 8.06%, including reinvestment of dividends. From January 1970 through to Dec. 2014, the average annual compounded rate of return for the S&P 500®, including reinvestment of dividends, was approximately 10.7% (source: www.standardandpoors.com). Since 1970, the highest 12-month return was 61% (June 1982 through June 1983). The lowest 12-month return was -43% (March 2008 to March 2009). Savings accounts at a financial institution may pay as little as 0.25% or less but carry significantly lower risk of loss of principal balances.

It is important to remember that these scenarios are hypothetical and that future rates of return can't be predicted with certainty and that investments that pay higher rates of return are generally subject to higher risk and volatility. The actual rate of return on investments can vary widely over time, especially for long-term investments. This includes the potential loss of principal on your investment. It is not possible to invest directly in an index and the compounded rate of return noted above does not reflect sales charges and other fees that Separate Account investment funds and/or investment companies may charge.

Expected annual inflation rate
This is what you expect for the average long-term inflation rate. A common measure of inflation in the U.S. is the Consumer Price Index (CPI). From 1925 through 2014 the CPI has a long-term average of 3.0% annually. Over the last 40 years highest CPI recorded was 13.5% in 1980. For 2014, the last full year available, the CPI was 1.8% annually as reported by the Minneapolis Federal Reserve.

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