Based on your existing savings of $1,300,000 it appears that you will need to save $36,335 indexed at 0.0% annually over the next 7 years. <div id="chart1Container">Chart will load here</div> <script type="text/javascript"> <!-- var myChart1 = new FusionCharts( "MSColumn2D", "myChart1Id", "100%", "100%", "0", "1" ); myChart1.setXMLData("<chart showValues='0' showFCMenuItem='0' decimals='0' formatNumberScale='0' caption='Annual Savings Growth' xAxisName='Years' numberPrefix='$' bgColor='FFFFFF' showBorder='0' canvasBgColor='ffffff' showAlternateHGridColor='0' plotGradientColor='' numberSuffix='' thousandSeparator=',' decimalSeparator='.'><categories><category label='1' /><category label='2' /><category label='3' /><category label='4' /><category label='5' /><category label='6' /><category label='7' /></categories><dataset seriesName='' color='0B9191'><set value='1436560.0' /><set value='1583363.0' /><set value='1741175.0' /><set value='1910824.0' /><set value='2093196.0' /><set value='2289246.0' /><set value='2500000.0' /></dataset></chart>"); // --> </script> <ul><li><a href="be-a-millionaire">Becoming a millionaire</a></li><li><a href="savings-calculator">Income generated by a savings plan</a></li><li><a href="double-savings">How long will it take to double my savings?</a></li><li><a href="savings-goal-calculator">How long until my savings reach my goal?</a></li><li><a href="savings-calculator-now">Save now vs. save later</a></li><li><a href="savings-goal-calculator-how-much">How much should I save to reach my goal?</a></li><li><a href="savings-calculator-growth">What could my current savings grow to?</a></li><li><a href="rate-of-return-calculator">Calculate rate of return</a></li><li><a href="investment-return">How do taxes and inflation impact my investment return?</a></li><li><a href="annual-yield">What is the effective annual yield on my investment?</a></li></ul><table class='pure-table pure-table-bordered' role='grid'><tr><th scope="col">Year</th><th scope="col">Beginning Balance</th><th scope="col">Savings @ 0.0%</th><th scope="col">Earnings @ 8.0%</th><th scope="col">Taxes @ 0.0%</th><th scope="col">Ending Balance</th></tr><tr><td role="rowheader" scope="row">1</td><td>$1,300,000</td><td>$36,335</td><td>$100,225</td><td>$0</td><td>$1,436,560</td></tr><tr><td role="rowheader" scope="row">2</td><td>1,436,560</td><td>36,335</td><td>110,467</td><td>0</td><td>1,583,363</td></tr><tr><td role="rowheader" scope="row">3</td><td>1,583,363</td><td>36,335</td><td>121,477</td><td>0</td><td>1,741,175</td></tr><tr><td role="rowheader" scope="row">4</td><td>1,741,175</td><td>36,335</td><td>133,313</td><td>0</td><td>1,910,824</td></tr><tr><td role="rowheader" scope="row">5</td><td>1,910,824</td><td>36,335</td><td>146,037</td><td>0</td><td>2,093,196</td></tr><tr><td role="rowheader" scope="row">6</td><td>2,093,196</td><td>36,335</td><td>159,715</td><td>0</td><td>2,289,246</td></tr><tr><td role="rowheader" scope="row">7</td><td>2,289,246</td><td>36,335</td><td>174,419</td><td>0</td><td>2,500,000</td></tr></table><span style="padding-bottom:2px;background-color:#eee;line-height:1.45em;border-bottom:1px dotted;border-top:1px dotted;"><span style="color:#81A41E;font-size:100%;font-weight:700;">&nbsp;FINANCIAL PLANNERS</span> <span style="color:#000;font-size:100%;font-weight:normal;">&ndash; <a href="http://www.plannerportal.com" target="_PP_WINDOW">Affordable Financial Planning Software</a> &ndash; <a href="http://www.plannerportal.com" target="_PP_WINDOW">www.PlannerPortal.com</a></span>&nbsp;&nbsp;</span>