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  • 1% Savings Calculator: (Recommend To Invest at Least 25% of Your In-Hand Salary)

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    vaibhav srivastava
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    This document provides a 1% savings calculator that allows a user to calculate how much they could save over 15 years by contributing a percentage of their salary to investments each year. It shows an example of someone earning $1 million annually who saves 25% of their salary. It calculates that with a 10% annual return on investments, they would save over $34 million over 15 years by consistently contributing and letting savings grow with returns each year.

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    1% Saving Calculator

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    This document provides a 1% savings calculator that allows a user to calculate how much they could save over 15 years by contributing a percentage of their salary to investments each year. It shows an example of someone earning $1 million annually who saves 25% of their salary. It calculates that with a 10% annual return on investments, they would save over $34 million over 15 years by consistently contributing and letting savings grow with returns each year.

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    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
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    10 views3 pages

    1% Savings Calculator: (Recommend To Invest at Least 25% of Your In-Hand Salary)

    Uploaded by

    vaibhav srivastava
    This document provides a 1% savings calculator that allows a user to calculate how much they could save over 15 years by contributing a percentage of their salary to investments each year. It shows an example of someone earning $1 million annually who saves 25% of their salary. It calculates that with a 10% annual return on investments, they would save over $34 million over 15 years by consistently contributing and letting savings grow with returns each year.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 3

    1% Savings Calculator

    How it Works? STEP 1: Go to File > 'Make a copy' of this Excel Sheet
    STEP 2: Enter your current (in-hand) salary here 👉 1000000
    STEP 3: Enter your savings % here 👉 25%
    (Recommend to invest at least 25% of your in-hand salary)
    Your investment after 15 years ₹34,253,434.99

    Year-wise calculation 👇
    Time Period Annual Salary Savings % Actual Saved
    Year 0 1000000 25% 250000
    Year 1 1100000 29% 319000
    Year 2 1210000 33% 399300
    Year 3 1331000 37% 492470
    Year 4 1464100 41% 600281
    Year 5 1610510 45% 724729.5
    Year 6 1771561 49% 868064.89
    Year 7 1948717.1 53% 1032820.063
    Year 8 2143588.81 57% 1221845.6217
    Year 9 2357947.691 61% 1438348.09151
    Year 10 2593742.4601 65% 1685932.599065
    Year 11 2853116.70611 65% 1854525.8589715
    Year 12 3138428.376721 65% 2039978.44486865
    Year 13 3452271.2143931 65% 2243976.28935552
    Year 14 3797498.33583241 65% 2468373.91829107
    Year 15 4177248.16941566 65% 2715211.31012018
    Total Saved
    s Calculator

    Savings with Returns Assumptions


    250000 Yearly Salary Increment at 10% pa
    594000 Returns on investment after tax assumed to be 10% pa
    1052700 Savings % is kept constant after 65% is achieved
    1650440
    2415765 For such useful tools and information,
    3382071 Follow UNFINANCE 🚀
    4588342.99 (A community of 7 Lakh + investors)
    6079997.352 Instagram
    7909842.7089 Twitter
    10139175.0713 LinkedIn
    12839025.177495
    15977453.554216
    19615177.3545063
    23820671.3793124
    28671112.4355347
    34253434.9892084
    34253434.99
    med to be 10% pa
    % is achieved

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