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October 17, 2005

Inflation Calculator

With all the talk about interest rates and immense savings growth over time, it's important be conscious of the effect that inflation will have on your money.

Inflation is the (generally) slow but steady increase in the price of goods and services that is caused by an increasing supply of money. Or you could think of inflation as a steady decrease in the value of money. The bottom line: a dollar just ain't what it used to be.

Calculate the Inflation Effect

This calculator will tell you what your dollar will be worth in the future, as well as how much money it's going to take to equal today's value of that dollar. It's something to remember when you're planning how much money you might need for important future purchases and plans.

The Calculator

Enter an amount of money in today's dollars:
$
 
What is the expected average yearly inflation rate?
%
 
For how many years do you want to calcluate the effect of inflation?
 
Ready?
 
After x years, $x would be worth, in today's dollars:
 
To equal the value of today's $x, you will need:
 

Posted by Frank at October 17, 2005 8:43 AM