Savings From Spending Less Calculator

Cut Monthly Spending By
Number of Years
Federal Tax Rate on Investments
State Tax Rate on Investments
Annual Return on Savings
After taking into account investment gains and taxes, by cutting spending by $100 per month you will have an extra $13,862 after 10 years.
*The outputs presented are estimates only. For a detailed, more accurate look at how changes in spending can affect your retirement situation, sign up for a free trial of the WealthTrace Retirement Planner. Sign up for a free trial.

Definitions:

Cut Monthly Spending By:

The total amount you assume you can cut your monthly spending by.

Number of Years:

Number of years to cut spending.

Federal Tax Rate on Investments:

The assumed federal tax rate on investment gains over the time period for analysis. This amount will be deducted from the annual returns on your extra savings each year.

State Tax Rate on Investments:

The assumed state tax rate on investment gains over the time period for analysis. This amount will be deducted from the annual returns on your extra savings each year.

Annual Return on Savings:

The annual return that will be applied to any amount you save due to cutting spending.

Annual Return (%):