Cecil County School Emp. Federal Credit Union
www.ccsefcu.org

How Do Taxes and Inflation Affect My Savings?
Calculator

Both taxes and inflation can influence the amount of money you are able to save. Once taxes are calculated, the future value of your money is discounted by the inflation rate.

Your Information

Amount Invested:
Future Monthly Contributions:
Months to Invest:
Annual Savings Rate:
Your Federal Tax Rate:
Your State Tax Rate:
Estimated Inflation Rate:

Months Invested

Enter the total number of months you plan to save. If you want to see the impact of inflation & taxes one and half years from now, enter 18 months.

Amount Invested

Enter the amount of money you currently have invested or have already saved.

Future Monthly Contributions:

Enter the amount of money you will save each month moving forward.

Annual Savings Rate

Enter the average annual savings rate (or interest rate) for the account in which your college savings are kept.

Federal Tax Rate

Enter your federal tax rate. If you are using a tax free savings instrument, then enter 0%.

State Tax Rate

Enter your state tax rate. If you are using a tax free savings instrument for the state in which you reside, then enter 0%.

Inflation Rate

Enter the expected inflation rate for the period in question. The historical average is about 3%.

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