Savings plan calculator
Most people earn more at 40 than at 25, and a savings plan that never moves quietly shrinks against a rising salary. This one raises the rate once a year by a percentage you choose.
Savings plan
- Final value
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- You paid in
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- Earned on top
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- Rate in the final year
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How to use it
Set the rate you can manage today and the yearly increase you think you can live with. Three percent is roughly the pace of a normal pay rise. The rate goes up once at the end of every year, so year one runs on the number you typed.
An example
Tom starts at 200 euro a month for 25 years at 6 percent. Flat, that is about 139,000 euro. With a 3 percent increase every year his rate reaches 407 euro in the final year and the result is around 185,000 euro. The extra 46,000 came from money he barely noticed leaving.
What the result leaves out
The increase runs to the end without asking whether the rate is still affordable. At 5 percent over 30 years today’s 200 euro becomes 823 euro a month, which is a different life, not a bigger number.
Questions people ask
Two to three percent tracks normal pay rises and stays invisible in a budget. Anything above five percent only works if you expect your income to jump, not drift.
Not over the same money. Early payments compound longest, so a higher rate from day one always wins. The increase is for people who cannot afford that rate yet.
The calculator runs without gaps. A pause of a year or two mostly costs you the compounding on those payments, which is why the damage looks small early on and large near the end.