Calculators

Welcome to the Million in 10 Calculators page. Here you will find all calculators I will be releasing over time.

Online Prepay Mortgage or Invest first Calculator

This calculator lets you enter your mortgage and expected returns on investments. It will calculate two scenarios for you.

What if I invested first and paid the mortgage as instructed by the bank.

What if I paid off the mortgage first with additional monthly payments and after payoff redirected all payments to investments.

Snowball vs Avalanche method for paying off debt

This calculator won’t make a judgement call as to which one is better. It will capture all your debt along with interest rates and work out the numbers for each of the methods. The calculator will tell you exactly what each method costs. it will leave it up to you to figure which method is best for you.

Online Retirement Calculator

This one is big. My latest calculator is an expanded version of the excel Retirement Calculator. It may very well be the most comprehensive retirement calculator you can find online. It captures information about you and your spouse (if present). It captures/calculates information like:

• Legal withdrawal age for retirement accounts (Based on dob)
• Calculates the plan up to the latest surviving spouse
• Captures current living expenses (at start of plan) and adjusts those for the inflation you specify
• Capture tax rate that will be applied to your pre-tax accounts once you start withdrawing.
• It captures your current salary, 401(k) contributions, company match, any expected raises and current 401(k) balance (at start of plan) for both you and your spouse
• You can add a mortgage should you have one. It’s payments are part of the plan.
• You can add if you have any children going to college, enter year and expected tuition. It will be part of the plan
• You can specify an emergency fund you wish to maintain. Any monthly withdrawal will stop when it starts eating into the EF.
• If you believe it will be still there, you can add Social Security payments for both you and your spouse. Once you start collecting it will offset the expenses.

Once all (or a set of) that information is captured you can calculate the results. It will present you with a set of observations and gives some recommendations. It will present a graph that you can hover over showing you each years snapshot of your accounts and expenses.

You can even get detailed month to month tables for each of the accounts, expenses and social security if you scroll down further.

Give it a try. Visit the ONLINE RETIREMENT CALCULATOR now. Who knows it may change your life!!

Online LED savings Calculator

This calculator will capture all of the light along with their wattage and hours run daily and calculate for you how much you could save if you switched them to LED. Before using the calculator you may have been shocked by the sticker price for LEDs. Trust me when I tell you you’ll be shocked by how much they will actually save you.

more awesome calculators below:

Online Snowball vs Avalanche Calculator

Snowball and Avalanche can cause different costs (increase in interest payments) depending on the kinds of debt, the size of debt and associated interest rates you have. This Snowball vs Avalanche Calculator/Simulator will allow you to determine the cost of the Snowball Method for paying off debt over the Avalanche Method. For more information behind [...]

Millionin10 2015 in review

There we have it, another year has passed and an interesting one it has been for us. This was the year I started this blog. It has been the first full year that I’ve been off of work and as a result we’ve tried to live by a fairly strict budget. We’ve had a shitty [...]

Online Prepay Mortgage vs Invest Calculator

This calculator was created in response to an article I read about what to do with extra money at the end of the month. Apply it to the Mortgage or invest it? I wrote an article explaining the exact numbers. This calculator can be used to figure it out for yourself. The extra payment you [...]

Snowball vs. Avalanche: Which one is better for you? Not, which one is best?

I haven’t written much about debt issues but browsing the web on Personal Finance I have seen many articles on the Snowball vs. Avalanche method applied to paying off debt. Both strategies have their proponents and opponents (some of them fierce). What I will try to show you in this post along with the simulator [...]

Online Retirement Calculator

Welcome to the Millionin10 retirement planner. This online version performs many of the excel calculator I released some time ago. I’ve also added some extra features such as adding a mortgage, emergency fund and college expenses to the calculator. All the information you enter in this calculator IS NOT stored online. I WILL NOT ASK [...]

Online LED Savings Calculator

Calculate the savings you could make by switching to LED lights around your house. The upfront cost of LED lights may be daunting but in the long run they really make up for in savings. The calculator below lets you capture in great detail all the lights you use around your house. It will use [...]

5 Keys to Building Wealth

It has been close to a year since I created this blog millionin10 with the lofty goal of inspiring you to build wealth the way we did. I was a salaried employee with wife, kids, two cats and a picket fence (not white). I also happened to be an expat that came to this country [...]

Millionin10 Retirement Calculator

Curious what it takes to retire? You can now download the comprehensive excel Millionin10 Retirement Calculator™. It will show you what it takes to retire. The spreadsheet will capture over 20 parameters that you can alter (think of them as dials that you can turn up and down). Best part yet IT IS FREE!!!! As [...]