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.)

%
 
   
   
Life Planning Group
The OMNI Building - 333 Earle Ovington Blvd - Suite 402 • Uniondale, NY • 11553
Phone: (516) 228-1000 ext 2537 • Fax: (516) 394-2590
• jwknox@htk.com

*Registered Representative of, and Securities and Investment Advisory Services offered through Hornor, Townsend & Kent, Inc.,  (HTK), Registered Investment Adviser, Member FINRA/SIPC

333 Earle Ovington Blvd - Suite 402, Uniondale, NY 11553 (516) 228-1000

Life Planning Group is independent of Hornor, Townsend & Kent, Inc.  HTK is a wholly owned subsidiary of Penn Mutual.

Our representatives are insurance and securities licensed in our resident state of New York, as well as the following states:  New Jersey, Connecticut and Florida.  For additional licensing information please contact Life Planning Group at (516) 228-1000.  Not an offer or solicitation in any state where representatives are not licensed.

HTK does not offer tax, accounting, or legal advice.  Always consult a qualified advisor regarding your individual circumstances.

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