SYSTEM AND METHOD FOR SIMULATING FINANCIAL GROWTH OVER A PERIOD OF TIME

摘要

In an embodiment, there is provided a savings simulation system, having: a single general user interface; and a computer connected to the single general user interface and having: a computer readable storage device having a database module for collecting, storing, and linking data associated with financial performance of a user account; and a central processing unit connected to the single general user interface and the computer readable storage device, and running a plurality of core modules running: a means for input for a user to select: a locality; a profession; a lifestyle choice; a selected number of years of run simulation; and a user's personal savings goal; a means for retrieving real-time income and cost of living expense data from a third party based on the user input of a selected locality, profession, and lifestyle choice; a means for presenting a simulated scenario modeling a financial outcome based on the user inputs and real-time income and cost of living expense data; and a means for generating a proposed financial plan for the user based on historical rates of return.