Investment Calculator

A beautifully simple retirement calculator

8 followers

A beautifully simple retirement calculator

8 followers

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.

Launch tags:

Web App•Fintech•Investing

Launch Team

Ryan Hoover

Product Hunt

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)

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7yr ago

Caleb Barclay

Mindup

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.

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7yr ago

Joshua Pinter

ntwrk

@rrhoover @calebarclay 1x salary by 30. I don't think so. Does that include the money invested in your house/mortgage?

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7yr ago

Caleb Barclay

Mindup

Maker

@joshuapinter It does. 1x salary includes 401k, principle on house, bitcoin :) Some include cash savings in that 1x rule as well.

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7yr ago

Caleb Barclay

Mindup

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 Part of the problem was that online investment tools are outdated and plagued with retirement jargon so we decided to build one that is beautiful and clear.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

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7yr ago

Ben Tossell

Makerpad

@calebarclay What a phenomenally designed site :) love it

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7yr ago

Caleb Barclay

Mindup

Maker

@bentossell Much appreciated!

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7yr ago

Joshua Pinter

ntwrk

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.

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7yr ago