Savings Accumulation  
If you currently have a savings plan in place, it’s important to know how much money you are on track to accumulate. As the saying goes, if you don’t know where you’re going, any road will take you there. Regardless of whether you’re saving for a long-term goal such as retirement or for a short-term goal such as a family vacation, it’s important to have a dollar figure in mind. This calculator is designed to help you estimate the future value of your current savings.
     

Total value of current savings: (Consider your bank accounts, savings accounts, investments, and other liquid funds. In general, do not include pension plans and home equity.)

$

Anticipated additional savings each year: (Push yourself to be a disciplined saver, but be realistic. If you set your expectations too high and fail, you’ll only be hurting yourself.)

$

How many years do you have to save? (Write down an appropriate time frame for you to pursue your savings goal.)

What after-tax return do you expect on your investments (0 to 10 percent)? (Estimate the return on investments based on the time frame and the investment vehicles used for a particular savings goal. Remember to adjust for taxes.)

%
 
   
   

Baltimore Office:
3700 O'Donnell Street
Suite 200
Baltimore, MD 21224
443-957-6000

Rockville Office:
2403 Research Blvd
3rd Floor
Rockville, MD 20850
301-354-3820

Falls Church Office:
7600 Leesburg Pike
West Building
Suite 201
Falls Church, VA 22043
703-821-5410

Elkridge Office:
Wolf & Associates
8176 Lark Brown Road
Suite 201
Elkridge, MD 21075
443-757-0445