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Compount interest calculator (retirement plan)

kag

kag

Golden Member
After reading "The Wealthy Barber", I'm trying to find a calculator that would let me input the following:
- Amount per year to invest
- Number of years to add money to the plan
- Number of years to let it sit
- Interest rate
and it would output the amount of accumulated money after that amount of time. I have searched in english and in french and I can't come up with anything.

If it helps, I'm actually trying to calculate this for an RRSP plan (this is the Canadian 401k equivalent - I think).
 
Originally posted by: Viper GTS
You must not have looked very hard, there are dozens out there.

http://www.csgnetwork.com/compoundint2calc.html

Viper GTS
Click to expand...

Please.. I looked on Google for more than an hour, both in french and english.

I want to calculate two cases. One person that invests $2,000 for 6 straight years and lets it sit for 43 more years (from age 22 to 65) with a 12% rate. And a second person who invests the same $2,000 per year starting at 28 years old, for 37 years at the same 12%. Both of them should have around $1.2M at 65. I want to verify this, and try it with different numbers

The calculator you are listing isn't what I want.
 
It was 3AM when I created the thread. Today I realised I could just code it and shut up.

In case it interests anyone.

To recreate the situation stated above, go on the site and click the "Set default values" button.
On the first form, you are 22 years old, and you want to invest for 6 years and let it sit for 37 years.
On the second form, you are 28 years old and invest for 37 years.

In both cases, it gives you the amount accumulated when you turn 65 years old. In one case you spent $12,000 and in the other one you spent $74,000 to accumulate $1.2 million. Of course an interest rate of 12% is high but it's just to illustrate what I was looking for.
 
That's very cool. Nicely done. With my current plan I should have a bit more than three million... I should be able to live off that... 😀

S.
 
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