Anything can happen calculator

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What could you do with a million dollars?

Buy a new house, a fancy car, or spend the rest of your life on vacation. The Anything Can Happen Calculator will show you how long it would take to save up for any of those things! This calculator is based in Canada and is set up for one year.

If you are not from Canada please convert the values to whatever currency and time frame that applies to you. The first step when calculating how much money we need to have saved up before we can retire comfortably is deciding what our desired lifestyle looks like once we stop working full-time.

dollars, currency, money @ Pixabay

For this example, I am going to use $40 00 per year as my desired annual income after retirement ($400 per month). Next, we need to estimate how much investment income this amount of savings will generate.

For the purpose of this example, I am going to use a conservative return rate of three per cent per year on my investments ($300 per month).

This is also based in Canada and using Canadian dollars so if you are not from it may be necessary for you to convert accordingly. Now that we know our desired annual income after retirement and what type of investment returns you can expect with your current level of investing knowledge, let’s plug these numbers into the Anyfin Can Happen, Calculator! The first field asks us about our desired lifestyle once we retire which was $40 00 annually or $400 monthly.

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