Making money moves is hard, especially if you’re unsure where to start. That’s why we’ve compiled this list of free financial calculators to help you make wise money moves. These calculators will help you figure out your budget, save for retirement, and more!
- What is a Financial Calculator?
- What Are The Different Types of Financial Calculators?
- What Are Personal Finance Calculators?
- What Are The Different Functions of Financial Calculators?
- Savings Calculator
- Investment Calculator
- Roth vs. Traditional IRA Calculator
- Compound Interest Calculators
- Roth IRA Calculator
- IRA Calculator
- 401k Calculator
- APY Calculator
- CD Calculator
- Return On Investment (ROI) Calculator
- Retirement Calculator
- Retirement Withdrawal Calculator
- Life Insurance Calculator
- Annuity Calculator
- Burial Insurance Calculator
- Debt To Income Ratio Calculator
- RMD Calculator
- Taxable (CD) vs. Tax-Deferred (Annuity) Calculator
- College Funding Calculator
- How Long Will My Money Last Calculator
- Retirement Age Calculator
- Long-Term Care Estimation By City and State
- TSP Calculator
- 457(b) Plan Calculator
- 401(a) Plan Calculator
- Mortgage Protection Insurance Calculator
- 401k Early Withdrawal Calculator
- SIMPLE IRA Calculator
- Life Expectancy Calculator
- Inflation Calculator
- Taxes Calculator
- What Is My Risk Tolerance?
- 403b Calculator
- Rule Of 72 Calculator
- Keogh Calculator
- Next Steps
- Request A Quote
- Frequently Asked Questions
What is a Financial Calculator?
A financial calculator is a digital device to calculate and analyzes complex financial data. It helps users visualize their long-term goals and compare investments or financial scenarios. Finance calculators are not just for creating a budget and tracking spending; they can also be used for taxes, mortgages, stocks, retirement planning, etc. They are powerful tools that allow users to make informed decisions about their finances. With the right calculator, users can easily compare different investments and make decisions to help them reach their long-term goals.
What Are The Different Types of Financial Calculators?
The most common type is the primary financial calculator, a handheld device for solving basic financial equations. It typically includes present value, future value, interest rate conversions, and amortization calculations. More advanced calculators are also available with additional features, such as time value of money calculation capabilities and statistical analysis functions.
- Online calculators: These web-based tools can calculate various financial and investment metrics, such as loan repayment amount, investment returns, and rate of return. Many online calculators also contain retirement planning tools and tax estimator functions.
- Software-based calculators: These programs offer more comprehensive features than online or handheld counterparts, including loan analysis and graphing capabilities. They are typically used in financial and investment planning, as they can quickly map out the best approach to achieving desired financial goals.
- Mobile-based calculators: These apps allow users to access information and perform calculations on the go. They benefit those who need to quickly make decisions and track activities away from the office or home.
What Are Personal Finance Calculators?
Personal finance calculators can help you determine your financial goals and plans. They are used to determine how much money you need to save, what type of investments should be made, and how much debt needs to be paid off or managed. These calculators can also provide insights into other financial topics such as investing, insurance, taxes, retirement planning, etc.
What Are The Different Functions of Financial Calculators?
Using a finance calculator, you can quickly determine loan payments, compare investments with different terms and rates of return, or estimate how much retirement income you’ll need. Here are some of the different calculations you can do with personal finance calculators:
- Calculate a loan payment: A calculator can help you determine how much your loan payments will be and how long it will take to pay off. You’ll need to provide information about the loan amount, interest rate, term length, and other variables to get an accurate result.
- Compare investments: Calculators make it easy to compare different investments, such as stocks and bonds, with their corresponding rates of return over time. This helps you make the most informed decision about where to invest your hard-earned money.
- Estimate retirement income: A calculator can help you estimate how much retirement income you’ll need by factoring in your current income, estimated Social Security income, and potentially other sources of retirement income.
- Calculate savings goals: If you are trying to save for a goal, such as college tuition or a down payment on a home, you can use a calculator to determine how much you need to save each month from reaching that goal. You’ll also be able to see how long it will take before you reach your goal and make adjustments along the way if needed.
When saving money, the interest rate is an essential factor to consider. This free simple savings calculator can help you see how much your money will grow based on your set interest rate. You can also set a goal and figure out how much you need to save each month (before taxes) to reach that goal. This can be a helpful tool in personal finance, as it can help you plan for your future and make informed decisions about where to invest your money. So try it today and see how much interest your savings could earn!
Making smart investment choices is critical to achieving your financial goals. But with so many options, it can be tough to know where to start. That’s where our investment calculator comes in. Input your initial investment, monthly contributions, desired interest rate, and investment timeframe, and the calculator will show you how much your money is expected to grow. With these self-help tools, you can make informed investment decisions and confidently work towards your financial goals. So why wait? Get started today and put your money to work!
Roth vs. Traditional IRA Calculator
Many people find that an IRA can be an effective retirement tool. There are two basic types of Individual Retirement Accounts (IRA): the Roth and Traditional IRA.
- The Roth IRA is funded with after-tax dollars, so you won’t get a tax deduction when you contribute. However, your earnings and withdrawals are tax-free.
- The Traditional IRA is funded with pre-tax dollars, so you’ll get a tax deduction when you contribute. After that, however, your earnings and withdrawals are taxable.
You can use Global Atlantic’s tool to determine which IRA may be right for you.
Compound Interest Calculators
A compound interest calculator is a powerful tool to help you save money and grow wealth. You can calculate the interest you will earn on your investment over time by inputting a few simple pieces of information. This tool can also help you find the best way to invest your money to earn the most return. Using a compound interest calculator, you can make your money work harder and reach your financial goals sooner.
Roth IRA Calculator
Most people know they must start saving for retirement as early as possible. But figuring out how much you need to save can be daunting. Our Roth IRA calculator can help you estimate how much money you need to save for retirement based on your current age, income, and other factors. Then, with just a few clicks, you can see how much income you can withdraw from your IRA accounts each year and what steps you need to take to ensure a comfortable retirement. So please don’t wait until it’s too late. Instead, start planning for retirement today with our easy-to-use finance calculators.
For many people, retirement is a time to relax and enjoy the fruits of their labor. However, to retire with peace of mind, it’s essential to start planning for retirement now. One important step is calculating how much money you’ll have in your IRA at retirement. Our free IRA calculator can help. Enter your age, expected annual contribution, and current balance. The calculator will do the rest and show you how much-guaranteed income you can generate from your IRA. This will give you an idea of how much monthly payments you can expect from your IRA, which will help you plan for a comfortable retirement. So don’t delay; start planning for retirement today!
It’s never too early to start planning for retirement, and our free 401k calculator can help you estimate how much money you’ll need to save. Enter your current age, salary, and desired retirement age, and we’ll show you how much income you can withdraw from your 401k each year. We’ll also provide tips on how to ensure a comfortable retirement. So our 401k calculator can help you plan for a secure future, whether you’re just starting your career or getting close to retirement age.
Interest rates can be very misleading. They might seem like the only thing you need to worry about when investing your money, but it’s essential not just look at them because they’re low right now and may go up in the future; instead, use our APY Calculator that takes into account how much interest will grow over time with a particular investment option – giving us more accurate data on what kinds of returns people could get versus others!
Certificates of deposit, or CDs, are a popular way to save money. They offer a fixed interest rate, which means you know how much your investment will grow. However, calculating the future value of a CD can be difficult, as it requires taking into account factors such as inflation and taxes. That’s where our free online CD calculator comes in. Please enter the amount of money you have invested, the current interest rate, and the time you plan to keep the CD, and our calculator will do the rest. In just seconds, you’ll have an estimate of how much your investment will grow. So why wait? Use our free online CD calculator today!
Compare the best CD rates today with over 400 banks and credit unions while you’re at it!
Return On Investment (ROI) Calculator
ROI is a measure of how well your money has been spent. It’s easiest to understand if you think about returns – what do I get for my investment? But it can also be calculated as profit versus price paid (or time invested). The ROI Calculator will help give an idea when comparing different investments and showing their effectiveness.
You don’t want to get too far ahead of yourself, but you must start planning for your retirement as soon as possible. For example, you may wonder how much money I will need to live comfortably. Our retirement calculator can help answer this question and more!
Retirement Withdrawal Calculator
As you get closer to retirement, one of the most important questions you’ll need to answer is how much money you can safely spend each month. If you’re not careful, you could quickly run out of money and have to return to work!
Our retirement withdrawal calculator can help you determine the proper monthly budget for your golden years. This tool considers age, life expectancy, investment portfolio, and more. With it, you can rest assured that you’re spending responsibly and won’t have to worry about running out of money.
So if you’re nearing retirement and trying to figure out how much you can safely spend each month, check out our retirement withdrawal calculator. It’ll help you enjoy your retirement years worry-free!
Life Insurance Calculator
The life insurance calculator is a great tool to help you figure out how much life insurance coverage you need. Here are other interactive calculators regarding life insurance:
Do you want to calculate how much money will be available for retirement? If so, an annuity calculator may help. An annuity is a financial product that guarantees a retirement income for life. Our free tool estimates monthly payments and shows accumulation growth based on consistent deposits!
Burial Insurance Calculator
Our burial insurance calculator is a quick and easy way to determine how much burial insurance you need. Enter your age, gender, smoking status, and coverage amount; the calculator will provide an estimate. The burial insurance calculator can also help determine how much you can afford to pay for your funeral.
Debt To Income Ratio Calculator
The Debt To Income Ratio (DTI) is a way to calculate how much debt you have about your income. The DTI ratio is important because it can help see if you can afford your current debt payments or need to make changes. Our Debt To Income Ratio Calculator can help you to calculate your DTI ratio and see where you stand. In addition, if you are considering applying for new credit, the DTI ratio can also be an excellent way to see if you can afford the new payments.
If you have a retirement account, the IRS requires you to take a minimum yearly distribution, known as a Required Minimum Distribution (RMD). The RMD Calculator can help you determine how much you need to withdraw. Using the calculator, enter your birth date and retirement account balance. The calculator will then provide you with an estimate of your RMD. Remember, you must start taking RMDs when you reach age 73. So, use the RMD Calculator well before your RMD start date.
Taxable (CD) vs. Tax-Deferred (Annuity) Calculator
Taxes are a complex and confusing topic for many people. When it comes to investments, taxes can have a significant impact on overall returns. This calculator is designed to help compare a regular taxable investment to two everyday tax-advantaged situations:
- An investment where taxes are deferred until withdrawals are made, and
- An investment where taxes are paid on money that goes into the account, but all withdrawals are tax-free.
College Funding Calculator
A college education is a significant investment, and it’s essential to understand the costs involved before making any decisions. A college funding calculator can be a helpful tool in this process. By inputting information about your current income, assets, and debts, you can get an estimated total of how much you’ll need to save for college.
The calculator will also consider the projected tuition cost at different schools and the time you’ll need to save. This can help you make more informed decisions about where to apply and finance your education. With the rising cost of higher education, a college funding calculator can be invaluable in college planning.
How Long Will My Money Last Calculator
The How Long Will My Money Last Calculator can be a retirement planning tool for retirees and those close to retirement. The calculator is designed to help people estimate how long their retirement savings will last based on several factors, including their current age, retirement age, annual expenses, and investment return rate. A calculator is a helpful tool for retirement planning. It can give people an idea of how long their retirement savings will last and how much they need to save each year to maintain their desired lifestyle in retirement.
Retirement Age Calculator
A retirement age calculator is an excellent tool for anyone planning retirement. The calculator lets you input your current age, retirement savings, and desired retirement age. It will then estimate how much money you must save to retire comfortably.
Long-Term Care Estimation By City and State
The cost of long-term care can be a significant financial burden for seniors and their families. Long-term care insurance can help defray some of those costs, but it is essential to understand what such policies cover. For example, most long-term care insurance policies will cover care in a nursing home or assisted living facility, but not all will cover in-home care. Additionally, long-term care costs vary based on the care setting, geographic location of care, and level of care required, among other things.
Regarding retirement planning, your Thrift Savings Plan (TSP) is one of the essential tools at your disposal. Unfortunately, figuring out how to make the most of your TSP in retirement can be tricky. Annuities are one of the best ways to ensure that you never run out of money in retirement, and our TSP calculator can show you how much annual income you can withdraw for the rest of your life. Whether you’re looking to retire now or in the future, our FERS retirement calculator can help you figure out how much savings you need to generate your desired retirement income. So don’t wait – start planning for your future today with our TSP calculator!
457(b) Plan Calculator
457(b) plans are one of the most popular retirement savings vehicles for employees of state and local governments, as well as specific non-profit organizations. But with so many 457(b) plan options, it can be hard to know which one is right for you. That’s where our free 457(b) calculator comes in. Just enter a few pieces of information about your current retirement savings and your expected retirement date, and our calculator will show you how much growth your 457(b) plan could earn in the future.
We also provide helpful advice on how to maximize your 457(b) plan’s earnings potential. So whether you’re just starting to save for retirement or already close to retiring, our 457 calculators can help you make the most of your retirement savings.
401(a) Plan Calculator
A 401(a) is an employer-sponsored retirement plan allowing contributions from the employer, employee, or both in either percentages or fixed dollar amounts. The company that offers 401(a) establishes eligibility and vesting schedules. Employees can withdraw their money from 401(a) by transferring it to another qualified retirement plan (rollover), taking all funds at once as a lump sum payment, or receiving it gradually over time through an annuity.
Use our free online 401(a) calculator to determine how much growth your retirement savings will earn in the future. The 401(a) calculator considers your current age, retirement age, contribution amount, and investment return rate to estimate your future savings. With this information, you can make informed decisions about managing your 401(a) best to enjoy a comfortable retirement.
Mortgage Protection Insurance Calculator
A mortgage protection calculator can be valuable for anyone considering a mortgage. By inputting information about your income, debt, and asset portfolio, the calculator can estimate how much money you would need to cover your mortgage in the event of your death. This can be helpful in two ways. First, it can give you a sense of how much life insurance you should purchase. Second, it can help to ensure that your loved ones are not left with a significant debt burden in the event of your death.
401k Early Withdrawal Calculator
Have you ever wondered how much in taxes you could owe if you take a distribution before retirement from your qualified employer-sponsored retirement plans (QRP)? Well, wonder no more! Thanks to our early withdrawal penalty calculator, you can estimate your tax liability in just a few clicks. Enter basic income and retirement savings information, and the calculator will do the rest. In addition to estimating your tax liability, the calculator will provide helpful tips for minimizing your taxes. So whether you’re looking to retire early or want to know what to expect come tax time, these calculators are a valuable tool everyone should use.
SIMPLE IRA Calculator
A SIMPLE IRA calculator can help you estimate how much money you will save for retirement. This calculator considers your current age, salary, and investment returns. It also assumes that you will make the same contributions to your account each year. The calculation results can help determine whether you are on track to reach your retirement goals. If not, you can use the information to change your savings plan.
Life Expectancy Calculator
A life expectancy calculator is a valuable tool that can help you estimate how long you may live. Social Security Administration’s longevity calculator only considers your sex and date of birth. However, many other factors can affect your life expectancy, such as your lifestyle, health, family history, and where you live. So, while the life expectancy calculator can give you a general idea of how long you may live, it’s important to remember that it’s only an estimate.
This Inflation Calculator can help you understand how inflation has affected the dollar’s purchasing power over time. First, enter the amount of money you would like to adjust for inflation and select the year you want to start from. The calculator will then show you how much that amount would be worth in today’s dollars.
Filing taxes can be confusing and daunting, but Turbotax makes it simple and easy. With our tax calculator, you can estimate your 2022 refund (taxes you file in 2023) by answering simple questions about your life and income.
What Is My Risk Tolerance?
When it comes to investing, there is no such thing as a one-size-fits-all approach. Each person has a different risk tolerance, so each portfolio should be tailored to the individual investor. Completing a risk profile questionnaire is one way to determine your risk tolerance. These questions will help assess your appetite for risk and willingness to accept potential losses.
Based on your answers, you can determine the percentage of your portfolio that should be invested in equities. However, it is essential to remember that your risk tolerance can change over time, so review your portfolio regularly and make adjustments as needed. By taking the time to understand your risk tolerance, you can ensure that your investment strategy is aligned with your goals and objectives.
Generating a consistent income stream is one of the most important decisions you’ll make during retirement. While several options are available, annuities are the only retirement plan in the United States that guarantees an income for the rest of your life. And, if you’re currently working with a 403b, you can roll it over into an IRA annuity without a tax penalty. With our 403b calculator, you can determine how much an annuity can provide retirement income. Just enter your current balance, age, and desired monthly income. Then, request a quote below to get started.
Rule Of 72 Calculator
Do you want to know how long it will take for your investment to double? The Rule of 72 is a quick way to calculate this. To use the Rule of 72, divide 72 by the interest rate you earn on your investment. For example, if you earn 10% interest, your investment will take approximately 7.2 years to double.
You can use our Rule of 72 calculators to determine how long your investment will take to increase.
A Keogh plan is an IRS-approved, tax-deferred retirement savings account for self-employed people or unincorporated businesses. You can use a Keogh calculator to estimate how much income you will need from an annuity to cover your expenses in retirement. Planning and investing in an annuity can ensure you have the finances you need to enjoy a comfortable retirement.
Staying on top of your finances can be daunting, but it doesn’t have to be. Our free finance calculators are a great way to get started. With so many different options, you’re sure to find the one that’s right for you. Whether you’re trying to save for retirement or calculate your monthly budget, we have a calculator that can help. So why wait? Get started today by finding the perfect financial calculator for your needs. And if you need any assistance, don’t hesitate to contact us for a quote.
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Frequently Asked Questions
What is the difference between a financial calculator and a regular calculator?
Not only is a scientific calculator beneficial for arithmetic purposes, but it has proven invaluable when performing financial calculations such as the time value of money and cash flow conversions.
Are finance calculators accurate?
Mortgage calculators can only really be reliable if furnished with accurate data. Unfortunately, many of these tools miss out on crucial components such as property tax, insurance premiums, and other associated expenses that substantially impact your monthly payment plan.
What is an essential financial calculator?
Ever wonder what a financial calculator is? It’s an innovative device that can carry out complex calculations not available on standard calculators. With its specialized keys, it effortlessly calculates the most sophisticated equations quickly and accurately.
Do I need a financial calculator for accounting?
Ordinary calculators are not designed to complete these calculations with ease. Fortunately, a financial accounting calculator can program and save specific finance functions for future use – something that regular calculators do not offer!