[Tool] : How fast will my savings grow?

SAVINGS CALCULATOR About this calculator:

• When estimating a projected rate of return, keep in mind that the classic portfolio with 60% in stocks and 40% in bonds gained an average of 9% over the past 75 years.

• We've assumed investors sell 20% of their holding in their taxable accounts each year, incurring short- and long-term capital gains taxes along the way. You can do better if you trade less and hold tax-efficient mutual funds.

• You should save the maximum allowed in your tax-deferred accounts (such as 401(k)s and IRAs). Because you won't have to pay taxes each year on gains and dividends, money will grow faster. Good luck.

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