Retirement Savings
What you save by retirement, the contribution needed, and a lump sum versus monthly payouts.
What to find:
Contributions are made at the end of each month, interest is added monthly. The state pension is not included.
This calculator finds what you save by retirement and what monthly payout the capital gives, the contribution needed for a desired payout, and compares a lump sum with monthly payouts. The state pension is not included.
FV = A·(1 + i)n + c·((1 + i)n − 1) / i
Comments
No comments yet.