Financial calculators assist users with forecasting their financial future by performing commonly used calculations in business and commerce. Below are several tools we find helpful from time to time. If you know of a good tool that is not included here, let us know. And, if you have any questions or want help managing your finances, contact us today.
Retirement Calculator Use this American Funds calculator to find out how much money you might need in retirement and whether your current savings plan could get you to your goal.
The calculator results will provide a chart that compares your projected savings with your retirement goal. You’ll then be able to try different scenarios to see how changes in your savings plan might affect your results.
- Compare the costs of different colleges or use national averages for public or private colleges
- Consider scenarios where a portion of college costs will be funded by other sources (e.g., grandparents, scholarships, loans)
- Generate a personalized report that includes a summary of projected savings and costs, as well as tips and strategies for college savings
Figures shown are hypothetical and for illustrative purposes only.
Payroll Deduction Analyzer This calculator lets you see how your paycheck may be affected by in increase or decrease of your retirement plan contribution.
Mortgage Calculator Bankrate has a simple tool to help you evaluate the monthly mortgage payment when you are considering buying a home or refinancing.
Required Minimum Distribution Calculator Learn how much money the government requires you to withdraw from your IRA when you reach age 70 1/2.
Note: The IRA Evaluator is intended to serve as an educational tool, not investment or tax advice. Your circumstances are unique, therefore you should consult an investment professional if you feel you need more personal advice. Because your circumstances will probably change over time, it is a good idea to review your financial strategy periodically to be sure it continues to fit your situation. All examples are hypothetical and are intended for illustrative purposes only.