Investment calculator. How much, what rate, when?

You must have heard about investment calculators. What do we need them for? Let’s try to sort out.
In general most simple investment calculators give you a quick snapshot on the expected returns from an investment. In most of cases you have to enter the amount you currently have saved, the regular saving you plan to make, and whether you plan to save fortnightly or monthly or less often.

Usually calculators show three possible levels of return - low, medium and high. You can change the interest rates used to calculate these three items. Additionally online calculators can help you to consider the potential risks of different investment choices. It’s very important because understanding the risks involved, as well as the returns promised, is an essential part of any investment. It is especially helpful for people who are just starting to invest or who have limited experience. But also you should remember that naturally every investment has its own individual features affecting risk and reward that a tool like this does not cover, so you may need to get an independent, expert advice.