Using Calculator to Work Out Future Spending Power of Money
Published / Last Updated on 01/04/2014
It’s important to work out the future spending power of your pensions, savings and investments by making an adjustment for inflation.Scientific FormulaEnter “Future Value/Target Pension” then press “/” (divided by) then enter inflation rate e.g. enter “1.025” for 2.5% inflation then press “Yx“ (or XY) then enter a “number” for number of years then press “=” for the Spending Power Today of the starting figureStandard Calculator FormulaEnter “Future Value/Target Pension” then press “/” (divided by) then then enter inflation rate e.g. enter “1.025” for 2.5% inflation then press the Equals sign “=” for the number of years e.g. press “=” 10 times for 10 years = for the Spending Power Today of the starting figure.
