# The Saving - Pension - Calculator:

The Saving - Pension - Calculator on the one hand helps to build a savings plan and on the other hand does the calculation of a periodic payment (annuity).

The calculation is divided into two periods: the saving and the payment phase (annuity phase). In the saving phase the interest for the periodic payments over a certain time is computed. It is then possible to calculate the accumulated amount plus interest, the saved amount, the interest rate or the number of payments, depending on the given input. (For additional details see "the saving phase".)

In the payment phase the calculations include periodic payments up to a certain amount at the end of the period under consideration of the interest over time. The amount at the end of the period can also be zero, naturally. It is possible to compute, depending on the inputs, the amount of the payment, the interest rate or the number of payments. (For additional details see "the disbursement phase".)

**The saving phase:**
Computation of the savings (gross capital): Enter the periodic amount paid, the interest rate, the number of deposits and the initial capital, if existing. Click on "calculate". The total amount saved (gross capital) will be computed.

**Computation of the deposit: **Enter the capital (gross capital), which you want to be saved at the end of the period, the interest rate, the number of deposits and the initial capital, if exitsting. Click on "calculate". The computed result will be the amount that must be paid in periodically in order to reach the desired gross capital.

**Computation of the interest rate: **Enter the capital (gross capital), which you want to be saved at the end of the period, the amount of the periodical deposit, the number of periods and the initial capital (if existing). Click on "calculate". The result will be the amount of the interest rate, which must be obtained in order to reach the gross capital.

**Computation of the number of deposits: **Enter the gross capital, which you want to be saved at the end of the period, the deposit, the interest rate and perhaps the initial capital. Click on "calculate". The result will be the number of deposits, which must be made in order to reach the gross capital.

**Manner of payment: **According to whether the deposits are made monthly, quarterly, half-yearly or annually, select the manner of payment. Please note that the interest rate always refers to one year, independent of the manner of payment.

**The disbursement phase:**

**Computation of the disbursement: **Enter the initial capital, the interest rate, the number of disbursements (annuities) and the capital, you want to be left at the end of the period (remaining capital). Click on "calculate". The result will be the amount, which can be disbursed periodically under consideration of the interest (disbursement amount or annuity), the accumulated interest and the total disbursed amount.

**Computation of the interest rate: **Enter the initial capital, the amount of disbursements (annuities), the number of disbursements (annuities) and the capital you want to be left at the end of the period (remaining capital). Click on "calculate". The result will be the accrued interest, the whole disbursed amount and the interest rate, which must be obtained in order to be able to disburse the desired amount (annuity) under consideration of the interest.

**Computation of the number of disbursements: **Enter the initial capital, the disbursement, the interest rate and the capital that should be left at the end of the period (remaining capital). Click on "calculate". As a result you will get the accumulated interest, the whole disbursed amount and the number of disbursements (annuities), which can be done in order to be able to disburse the desired amount (annuity) under consideration of the interest.

**Manner of payment: **Select the manner of payment, according to whether the payments are made monthly, quarterly, half-yearly or annually. Please note that the interest rate always refers to one year, independent of the manner of payment.