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Monthly Income Deposit Calculator

This calculator helps you determine the monthly deposit amount required to achieve a desired monthly income over a specific time period. It's useful for individuals planning for future income, such as retirement or other financial goals, by determining the necessary deposits to reach a target monthly payout.

Calculate Monthly Deposits for Desired Monthly Income

Input Fields
P
$
Enter the monthly deposit amount
r
%
Enter the annual interest rate (in %)
n
Enter the investment period in years
If enabled, the result will update automatically when you change any value.

Monthly Income Deposit Formula

Formula
$$PMT = \frac{I \times \left(1 – (1 + r)^{-n}\right)}{r}$$

Where:

  • PMT – Monthly Deposit
  • I – Desired monthly income
  • r – Interest rate per period (monthly rate, in decimal form)
  • n – Total number of months for the deposit

This formula calculates the fixed monthly deposit required to achieve the desired monthly income by the end of the term, considering interest accumulation

The Monthly Income Deposit Calculator helps you plan how much to save each month in order to generate a target monthly income in the future. This is particularly useful for retirement planning, investment strategies, or saving for long-term financial goals. By factoring in interest earned on deposits, the calculator provides an accurate estimate of the amount needed for monthly income.

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