Keeping your money in cash is a familiar and traditional way to save, however it is important to remember that inflation rates can mean that your cash may not buy you as much in a few years as it will today. Often, investing your savings is about protecting the value of your money as much as wanting it to grow.
This calculator is designed to be informational and as an educational tool only and when used alone, does not constitute investment advice. We recommend that you seek the advice of a financial services professional before making any type of investment. The results presented by this calculator are hypothetical and may not reflect the actual growth of your own investments. Investments can go down as well as up in value so you could get back less than you put in. Ravenscroft and its affiliates are not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by this tool.