💰 Dave Ramsey Investment Calculator 🚀
Build Your Million Dollar Future with Proven Baby Steps Methodology
Investment Calculator
Your Investment Results
Investment Growth Over Time
📈 Dave Ramsey’s 7 Baby Steps to Financial Peace 🏆
$1,000 Emergency Fund
Save $1,000 as a starter emergency fund for life’s unexpected events.
Pay Off All Debt
Pay off all debt (except the house) using the debt snowball method.
Full Emergency Fund
Save 3-6 months of expenses in a fully funded emergency fund.
Invest 15% for Retirement
Invest 15% of household income into retirement accounts.
Children’s College Fund
Save for your children’s college fund.
Pay Off Home Early
Pay off your home mortgage early.
Build Wealth & Give
Build wealth and give generously.
🎓 Master Dave Ramsey’s Investment Principles 📚
Key Investment Principles
- 15% Rule: Invest 15% of your household income for retirement
- Debt-Free First: Complete Baby Steps 1-3 before investing
- Long-Term Focus: Invest consistently for 15+ years
- Growth Stock Mutual Funds: Focus on historically proven investments
The Power of Compound Interest
Example: Starting at age 25, investing $500/month at 10% return:
- Age 35: $102,422 💰
- Age 45: $383,777 📈
- Age 55: $1,130,564 🚀
- Age 65: $3,079,269 🏆
*This illustrates the power of starting early and consistent investing
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❓ Frequently Asked Questions 💡
When should I start investing according to Dave Ramsey?
Start investing only after completing Baby Steps 1-3: $1,000 emergency fund, paying off all debt except your house, and having 3-6 months of expenses saved.
Why does Dave Ramsey recommend 15% for retirement?
15% allows you to build substantial wealth for retirement while still having money for other goals like your children’s college and paying off your home early.
What types of investments does Dave Ramsey recommend?
Dave recommends growth stock mutual funds with good track records, spread across four categories: growth, growth and income, aggressive growth, and international.
Is 10% return realistic for long-term investing?
Historically, the S&P 500 has averaged about 10-12% annual returns over long periods (20+ years), though individual years can vary significantly.