A free finance calculator app that helps you calculate compound interest, the drawdown of a pot of money and how long it will take you to achieve financial independence
FICalc
What is it about?
A free finance calculator app that helps you calculate compound interest, the drawdown of a pot of money and how long it will take you to achieve financial independence.
App Store Description
A free finance calculator app that helps you calculate compound interest, the drawdown of a pot of money and how long it will take you to achieve financial independence.
Get detailed information on every month with selectable graphs and interest analysis.
*FI Calculator*
Enter your starting pot, yearly savings, predicted investment growth, and withdrawal rate and hit calculate.
The calculator will tell you how long it will take for you to reach FI Financial Independence and potentially FIRE Financial Independence Retire Early. This is the point when the interest (based off your withdrawal rate) growth will cover your yearly expenses.
Hit analyse to see how much your pot has grown each month and how much interest you've earned.
*Compound Interest Calculator*
Enter your starting pot, yearly deposit amount, years to compound, and predicted investment growth and hit calculate.
The calculator will tell you how much your money will have grown within the given years. It will simulate monthly investment returns and deposits to accurately calculate the result.
Hit analyse to see a month by month breakdown of your growth for your total pot and total interest.
*Drawdown Calculator*
Enter your starting pot, annual drawdown amount, and predicted investment growth and hit calculate.
The calculator will tell you how long your money will last. It will simulate monthly investment returns.
Hit analyse to see a month by month breakdown of your drawdown for your total pot and total interest.
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