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How to Use Quicken 2010's Investment Savings Calculator

If you like to forecast portfolio future values and other similar stuff, you'll love Quicken 2010's Investment Savings Calculator. You can use the Investment Savings Calculator to figure out how much you’ll accumulate if you save a certain amount per year for a certain number of years at a certain annual percentage rate.

1

Click the Planning tab, and then click the Financial Calculators button and select Savings Calculator from the list of calculators that appears.

Quicken displays the Investment Savings Calculator dialog box.

2

Enter what you’ve accumulated in the Opening Savings Balance text box.

For example, if this amount is zero, type 0.

3

In the Annual Yield text box, enter the amount that you expect your investments to earn each year.

If you plan to invest in the stock market and expect your savings to match the market’s usual return of about 10 percent, for example, type 10 (don’t type .10).

4

From the Number Of drop-down list, select the time period appropriate to your investment planning.

You probably want to select Years.

5

Enter the number of time periods that you want to maintain these investments in the Number Of text box.

For example, if you select Years in the drop-down list box and plan to let your investments grow for 35 years, type 35 in the Number Of text box.

6

Enter the amount you plan to add to your investments every period in the Contribution Each text box.

For example, if you plan to put in $4,000 every year, enter 4000 in the Contribution Entry text box.

7

In the Predicted Inflation text box, enter the anticipated inflation rate.

By the way, over the 20th century, the inflation rate averaged just over 3 percent.

8

Select the Inflate Contributions check box if you plan to annually increase — by the annual inflation rate — the amount you add to your investment portfolio.

Don’t select the check box if you don’t want to inflate the payments.

9

After you enter all the information, click Calculate.

The Ending Savings Balance field shows how much you’ll accumulate in present-day, uninflated dollars. If you want to know the amount you’ll accumulate in future-day, inflated dollars, deselect the Ending Balance In Today’s $ check box.

To get more information on the annual deposits, balances, and so on, click the Schedule button, which appears at the bottom of the Investment Savings Calculator dialog box. Quicken whips up a quick little report showing the annual deposits and ending balance for each year you plan to add into the savings.

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