Financial calculator: Time value of money (TVM)

Have you ever wondered how much you need to be saving in order to retire with a set annual income and not run out of money? You know that $100,000 today will not have the same purchasing power as $100,000 will in 10 or 20 years. But just how much money will it take then to have the same purchasing power as now? time value of money

Note: This resource is provided for illustration purposes only. Please contact a Financial Advisor at Oak Harvest Financial Group to understand your retirement situation and create a customized plan to fit your needs. Call us at 281-822-1350, or request a free consultation here.

 

Need a bit of help to run the illustration?

Troy Sharpe, CFP®, Oak Harvest Financial Group Founder and CEO, shows you how to use the TVM calculator to calculate how much you should be saving monthly — and how much you will need to be withdrawing if you want $100,000 in income adjusted for inflation at a specific point somewhere down the road.

Troy’s video is here: How Much Do You Need To Save In Order To Retire With a $100,000 Income | Calculate Your Retirement $

Want some more help with the financial calculator or your retirement? Call us at 281-822-1350, or request a free consultation here.