Compound Interest Savings/
Roth IRA Savings Calculator/
Student Loans Calculator
A Roth IRA allows an individual to save up to $4000 annually
towards retirement and gain tax free earnings. The money placed
in the Roth IRA would have to be money available to a person
after paying taxes. The movey would be available tax free
after the individual reaches 59.5 years. Talk to an investment
advisor or tax accountant about the benefits of a Roth IRA.
This calculator will show the benefits of compounded returns
in a tax free Roth IRA. Enter the annual expected return and
the initial investment. For example to find out how much a
$20,000 initial investment would be worth after forty years
at 8% annual growth, enter the appropriate numbers below to
see how much money would be available tax free at retirement.
This calculator could also be used to estimate the amount
of money saved with interest or it could be used to calculate
student loan amounts over several years. For example, would
it be better to pay off your student loans quickly or consolidate
to a lower amount for 30 years?
Student Loan Interest
$100,000 loan growing at 6% interest for 10 years, the average
length of a student loan, will grow to $179,084 in debt.
Copyright 1997-2006 Joseph K.
Sunny, Jr. All rights reserved. For licensing options, please contact
me at the e-mail address provided. Webpages on this site are for educational
purposes only, please consult a professional in the field of interest,
a physician or a stock broker. By using this site, you are agreeing to
and Conditions. Privacy
About the site and its author: Joseph K. Sunny, Jr., M.D. Most of the
pages are created from my reading or clinical experience.