Use this calculator to quickly determine your potential future net worth based on your current net worth, what you will save and how your savings will compound over time.
The earlier you start saving, the larger your future worth and the richer you will be. Compounding growth can significantly increase your future worth. One's future net worth can soar over a long time.
Determine your future net worth by compounding your savings at a specified rate of return. Your net worth in the future will be defined as everything you have (your assets) minus everything you owe (your liabilities).
Home worth appreciation and your career income are two major influences on how rich you will be.
Generally, you want to pay down all your debts as early as possible to maximize the compounding of your wealth.
Putting more money down at the beginning (principal) will make a big impact on your future net worth.
Increase your rate of return by carefully considering the cost of investments you make.
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