plug in your numbers and see how your savings can grow into something big.
♥ ✨ ♥ ✨ ♥
your numbers
tell us about you
$
$
how often?
✨ ♡ ✨ ♡ ✨
by age 65
$0
your projected savings
watch the pink grow. that's the market working for you
what you put in what the market gave you
your money milestones
the checkpoints on your path
ok. how do i actually start?
three steps. seriously, that's it.
1. open a free account at fidelity, vanguard, or schwab. takes 5 minutes.
2. search for an S&P 500 index fund. buy VOO or FXAIX.
3. set up auto-invest the day after payday. don't touch it.
the S&P 500 has averaged about 10% per year since 1957. after you subtract ~3% for inflation, you get about 7% in "real" (today's dollars) terms. some years it's way up, some years it's down, but historically every 20-year period has ended positive.
what if i can't save that much right now?+
start with whatever you can. even $25 a month is better than $0. the most important thing is building the habit. as your income grows, you can increase the amount. unexpected money (tax refunds, bonuses, gifts) can be invested too.
does this account for taxes?+
this calculator shows growth in today's dollars (adjusted for inflation). it doesn't account for taxes, which depend on your account type. if you use a roth IRA, your withdrawals are tax-free. with a 401k or traditional IRA, you'll pay taxes when you withdraw. but either way, the compounding still works the same.
uses 7% annual returns (S&P 500 historical average after inflation). numbers are in today's dollars.
this is a learning tool, not financial advice. past performance doesn't guarantee the future.