Calculators

Saving for your children's education requires a long-term plan and the earlier you start your plan the better. YOUNG MONEY college savings plan calculator helps develop a sound education savings plan.

How interest is calculated can greatly affect your savings. The more often interest is compounded, or added to your account, the more you earn. YOUNG MONEY's compound interest calculator demonstrates how compounding can affect your savings, and how interest on your interest really adds up!

What will it take to save one million dollars? This YOUNG MONEY millionaire calculator helps you find out. Enter in your current savings plan and view graphically your financial results for each year until you retire!

Investments over a number of years can be an effective strategy to accumulate wealth. The YOUNG MONEY savings calculator shows how even small additions to your savings add up over time. This calculator demonstrates how to put this savings strategy to work for you!

What will it take to reach your savings or retirement goals? YOUNG MONEY savings goals calculator helps you find out. It's simple, just enter your savings goal amount, the amount you have currently saved and your expected rate of return. Then enter your time horizon (how many years before you plant to use the money), your planned monthly savings and the expected inflation rate.

A 401(k) can be one of your best tools for creating a secure retirement. It provides you with two important advantages. First, all contributions and earnings to your 401(k) are tax deferred. You only pay taxes on contributions and earnings when the money is withdrawn. Second, many employers provide matching contributions to your 401(k) account which can range from 0% to 100% of your contributions. The combined result is a retirement savings plan you cannot afford to pass up.

How will losing your Social Security benefits affect your retirement? Use this calculator to determine how losing this important retirement asset could affect you. Click the report button to see your retirement savings with and without Social Security benefits.

Use this calculator to determine how much monthly income your retirement savings may provide you in your retirement. Your annual savings, expected rate of return and your current age all have an impact on your retirement's monthly income. View the full report to see a year-by-year break down of your retirement savings

Do you know what it takes to work towards a secure retirement? Use this calculator to help you create your retirement plan. View your retirement savings balance and your withdrawals for each year until the end of your retirement. Social security is calculated on a sliding scale based on your income. Including a non-working spouse in your plan increases your social security benefits up to, but not over, the maximum.

Do you know what it takes to work towards a secure retirement? Use this calculator to help you create your retirement plan. View your retirement savings balance and your withdrawals for each year until the end of your retirement. Social security is calculated on a sliding scale based on your income. Including a non-working spouse in your plan increases your social security benefits up to, but not over, the maximum.

One of the biggest risks to a comfortable retirement is running out of money too soon. This calculator helps you determine your projected shortfall or surplus at retirement. You can also see just how long your current retirement savings will last. If your results project a shortfall, you might need to save more, earn a better rate of return, or possibly delay your retirement

An IRA can be an effective retirement tool. There are two basic types of Individual Retirement Accounts (IRA): the Roth IRA and the Traditional IRA. Use this tool to determine which IRA may be right for you. Please note that this calculator should not be used for Roth 401(k) comparisons

Do you wonder how much you might receive in Social Security? Use this calculator to help you estimate your Social Security benefits. Remember, this is only an estimate. Your actual benefits may vary depending on your actual work history and income.

YOUNG MONEY line of credit payoff calculator to determine how many years it will take to payoff your line of credit given a set amount of principle borrowed and a set amount of money paid back each month towards the line. You must know your current balance, your interest rate, the goal time and how much more you charge additionally each month.

Use the YOUNG MONEY loan comparison calculator to show which loan provides you with the best value. Rather than simply comparing monthly payments you can compare the loan term, interest rate, origination fee, and other fees. The Loan Comparison Calculator helps sort through monthly payments, fees and other related loan costs. By comparing these important variables side by side, this calculator can help you pick the loan that works best for you. Click on the "View Report" button to see the results in detail.

YOUNG MONEY mortgage calculator helps prequalify you for buying a house by finding out how much you can borrow based on your current income. It takes into account your available budget - with an amortization schedule of your mortgage payments.
The first step in buying a house is determining your budget. This calculator steps you through the process of finding out how much you can borrow. Fill in the entry fields and click on the "View Report" button to see a complete amortization schedule of your mortgage payments. You will need to know a few things like closing costs and how much you will be paying in loan origination costs.

YOUNG MONEY mortgage payoff calculator helps show how much interest you can save by increasing your monthly mortgage payment. See a complete amortization payment schedule, and how much you can save on your mortgage over the lifetime of your mortgage.
This mortgage payoff calculator helps you find out how much you will shorten your mortgage by adding to your monthly payment. Enter the fields with the correct data and click the "View Report" button to see a complete amortization payment schedule, and how much you can save on your mortgage!

YOUNG MONEY mortgage refinance breakeven calculator helps calculate breakeven on mortgage refinancing - current interest rate, new potential rate, closing costs and how long you plan to stay in your home, are all break even factors.
How long will it take to breakeven on a mortgage refinance? That depends on a multitude of factors. These factors include your current interest rate, the new potential rate, closing costs and how long you plan to stay in your home. Use this calculator to sort through the confusion, and determine if refinancing your mortgage is a sound financial decision. Click the "View Report" button for a detailed look at your records.

Should you rent or should you buy your home? It takes more than looking at your mortgage payment to answer this question. This calculator helps you weed through the fees, taxes, and monthly payments to help you make a good financial decision. Click the "View Report" button for a detailed look at the results. Don't forget to include all the additional expenses of home ownership that as a renter you do not have to worry about. Expenses like cutting the grass and paying for a broken water heater would up the cost of buying the home.

Use this calculator to help you determine your monthly auto loan payment or your auto purchase price. After you have entered your current information, use the graph options to see how different loan terms or down payments can impact your monthly payment. You can also examine your complete amortization schedule by clicking on the "View Report" button.

Should you lease or buy your car? Use this calculator to find out! We calculate your monthly payments and your total net cost. By comparing these amounts, you can determine which is the better value for you.

How much interest can you save by increasing your auto loan payment? This financial calculator helps you find out. View the report to see a complete amortization payment schedule, and how much you can save on your auto loan!

Home equity loans often have lower interest rates than auto loans and the interest may be tax deductible -- two good reasons to take a look at home equity loans to finance your automobile purchase.

Managing your monthly home budget can be difficult and frustrating. YOUNG MONEY helps with step one for controlling your home budget and coming up with a home budget plan - to determine where your money is going and act as your personal budget planner.
One of the most important aspects of controlling your home budget is to determine where your money is going. This calculator helps you do just that. By entering your income and monthly expenditures, you can see how much you have left to save and where your money is being spent. In addition, you can click the "view report" button to compare your budget breakdown to our targets, which can help identify areas for improvement.

The life insurance calculator helps you analyze all the factors to consider when seeking life insurance coverage. Remember that you need to cover anything you were financially responsible for in life, once you pass. If you are the main bread winner in your family each year, you will need to cover multiple years of your take home pay.
How much life insurance do you really need? Find out here!

Your net worth is the value of all of your assets, minus the total of all of your liabilities. Put another way, it is what you own minus what you owe
If you owe more than you own, you have a negative net worth. If you own more than you owe you will have a positive net worth. This calculator helps you determine your net worth. It also estimates how your net worth could grow (or shrink!) over the next ten years.

The spending plan calculator can show you how reducing your spending can be worth more than you might think. Use this YOUNG MONEY calculator to see just how much your budget reductions may be worth if you were to invest your money.

The Credit Card Optimizer helps you determine the best distribution of your credit card debt. By entering your credit card balances, rates and credit limits this calculator determines which balance transfers will produce the greatest savings.

Use this calculator to see what it will take to pay off your credit card balance, and what you can change to meet your repayment goals.

Use this calculator to find out how much you owe. This can be used as a good starting point for your debt management plan. Enter all of your credit cards and outstanding installment loans balances. Find out how much you owe and how long it will take to pay it all off.

Should you consolidate your debt? This calculator is designed to help determine whether debt consolidation is right for you. Enter your credit cards, auto loans and other installment loans balances by clicking on the "Enter Data" button for each category. Then change the consolidated loan amount, term or rate to create a loan that will work within your budget. Click the "View Report" button for detailed results