Investment Calculator

Investment Calculator

A beautifully simple retirement calculator

8 followers

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Investment Calculator helps you calculate the potential value of your retirement investments and visualize its growth. It also gives personalized suggestions to help you maximize your investment like renting out a room on airbnb, driving lyft for a few months, or giving up coffee for a year.
Investment Calculator gallery image
Investment Calculator gallery image
Investment Calculator gallery image
Launch tags:
Web App•Fintech•Investing
Launch Team

What do you think? …

Ryan Hoover
Very well done, @calebarclay and @benadam11. I like how you've made small decisions (e.g. the cost of a daily coffee habit) tangible. Based on your research, what would be the minimum amount of savings one should have if they plan to retire at the age of 70 in the U.S.? (I realize this is an unfair question as cost of living varies across the states and family responsibilities can vary)
Caleb Barclay
Maker
Thank you @rrhoover, it’s an honor to be on PH! To answer your question (it is quite the debate), a simple rule is to save 1x of your salary by age 30, 3x by 40, 7x at 55, 10x at 67. So at 70 years old, you should have saved 10x - 11x of your salary (eg 100k salary = ~1m saved). Some suggest saving up to 25x of your salary to account for inflation, family situation, location, Social Security, etc.
Joshua Pinter
@rrhoover @calebarclay 1x salary by 30. I don't think so. Does that include the money invested in your house/mortgage?
Caleb Barclay
Maker
@joshuapinter It does. 1x salary includes 401k, principle on house, bitcoin :) Some include cash savings in that 1x rule as well.
Caleb Barclay
Maker
Hey PH! Super happy to share Investment Calculator → We built this tool because we had no idea where we were at in terms of retirement, and neither did our friends. Part of the problem was that online investment tools are outdated and plagued with retirement jargon so we decided to build one that is beautiful and clear. It’s super simple by design but we would love to how we can make it better. Thanks! Caleb
Ben Tossell
@calebarclay What a phenomenally designed site :) love it
Caleb Barclay
Maker
@bentossell Much appreciated!
Joshua Pinter
Okay, this is almost perfect. If you could tie this in with Wealthsimple or something, I'd be absolutely sold. In fact, they should acquire you and build that as a default tool into Wealthsimple. I think saving is one thing but you make it simple to see how your savings change based on simple decisions, like moonlighting as an Uber driver. Brilliant.
Ben Adam
Maker
@joshuapinter Thank you so much! We may add an advanced option later to integrate w/ some 3rd parties :)