Save for the Future. Learn the 'Time Value of Money'.

Enter purpose, goal (or target amount), interest rate, and years to save. The program calculates the monthly savings amount required to reach that goal.

In this example parents started saving $225.55 per month when daughter Sharon was born, for 20 years, which will be a total out-of-pocket outlay over time of $54,132.82.

They're putting their money into a mutual fund earning an average rate of return of 5.65%.

At the end of the 20 years they will have accumulated a savings balance of $100,000, earning $45,867.18 in interest, almost doubling their money.