The fewer functions it performs, the less accurate it is, because it fails to account for important things, you can't control anything, and so the "lamer" it is. The fewer the number of input cells, the less amount of functions it performs. Tip: The "number of inputs" tells how "good it is." Here's the List of Most Everyone's Free 401k Calculators: P = Principal, or how much money is being lent or borrowed. ![]() FV = Future value (usually the result, or the amount of money accumulated over N compounding periods). If N=2, then it would compound twice, and your ending value would be $121, which is $110 plus 10%). E.g., If you have $100 and you compound, or add, 10% annual interest, then you'd have $110 as a future value over this one compounding period. N = Number of compounding periods (how many times the calculations are done that compound money at the given interest rate, usually in months or years. I = Compound interest rate (interest rate or growth rate that is applied at each N compounding period). PMT = Payments (constant contributions or withdrawals each compounding period, usually added to or subtracted from the scenario monthly). PV = Present Value (beginning investment values, or how much something is worth today). TVM = Time value of money, the basic concepts of what these financial calculators are all about. Time Value of Money and Financial Calculator Terminology This is page 1 of 11 of the free financial calculators: Most calculate the numbers as advertised, but there are so few input fields, that you can't account for most of the details that will dramatically alter Real World results. Please keep in mind that Tools for Money didn't make the money calculators listed below, they're just links to other free online financial calculator websites. So most online 401(k) calculators are the same. Paying them rent allows webmasters to put the retirement calculators on their site in a manner that makes it look like their site built them (when they really just go to a site like Dinkytown to calculate / display results). There are dozens of websites with free online 401k calculators, but the vast majority just "rent" usage of them from the vendors below. Selected Links to Other Relevant Money WebsitesĪlmost every free online 401k calculator on the Internet is listed below List of Free Financial Planning Software Demos Questions about Personal Finance Software? Call (707)ĩ96-9664 or Send E-mail to Downloads and Money Toolsįree How-to Money eBook for DIY Investors, Critical Reading for Financial Advisers, and for Exposing Financial Mythsįree Sample Comprehensive Financial Plansįree Money Software Downloads, Tutorials, Primers, Freebies, Investing Tips, and Other Resources Site Information, Ordering Security, Privacy, FAQs ![]() The financial planning software modules for sale are on the right-side column)Ĭonfused? It Makes More Sense if You Start at the Home Page 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 investment funds and/or investment companies may charge.Our 401(k) Calculator Information and Directions ![]() This includes the potential loss of principal on your investment. The actual rate of return on investments can vary widely over time, especially for long-term investments. ![]() 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. 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. The lowest 12-month return was -43% (March 2008 to March 2009). From Januto December 31 st 2021, the average annual compounded rate of return for the S&P 500®, including reinvestment of dividends, was approximately 11.3% (source: Since 1970, the highest 12-month return was 61% (June 1982 through June 1983). The Standard & Poor's 500® (S&P 500®) for the 10 years ending December 31 st 2021, had an annual compounded rate of return of 13.6%, including reinvestment of dividends. The actual rate of return is largely dependent on the types of investments you select. Rate of return The annual rate of return for this investment or savings account.
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