#62. Unit Trust Investment Calculator

How Much Do I Need To Save For My First Million Bucks?

Many people ask me this important question. "How can I calculate my projected return for my investment?" They asked whether I have something that will show a chart or table projecting their future potential return in unit trust investment.

Well, I know they are comparing it to how Insurance Agents always print a proposal showing to their prospects or clients about how much they can get in the future.

Usually, Unit Trust Consultants have a software to calculate this. Some use a financial calculator. You can get a financial calculator for around RM100 and can do a few calculations yourself. The instructions that comes with the calculator will teach you how to use it easily.

You can even calculate how much you will have to pay for your monthly home loan payment with the calculator. Or you can refer to my chart here . View the first table.

Unit Trust Investment Calculator

Anyway, here it is. You can get the Unit Trust Investment Calculator here and use in the comfort of your home. You don't have to wait for a Unit Trust Consultant to tell you how much you need to save to be a millionaire. Just key in the figures into the Excel Sheet once you have downloaded it. Key in the figures in the yellow row and viola, you will be able to calculate the projected return on your unit trust investment.

Of course, you may still need to talk to a Unit Trust Consultant to find out what is the average return of the unit trust funds that you are interested in. Still, remember, because of market behaviour, past performance is not an indicator of your future returns.

Use it as a Fixed Deposit Savings Calculator too.

You can use the calculator to calculate your fixed deposit savings return too. Just change the Service Charge to 0%. That's it. You will be able to see how much you will get from saving money in a fixed deposit account vs unit trust investment.