How long will it take to recover your savings?

One way or another, we have all watched our savings dwindle over the last couple of years. Kiplinger has created a calculator which can allow you to estimate how long it will take to recoup your lost savings.

If you lost $30,000 of your $100,000 nest egg, but you expect to be able to save $5,000 a year and think you can earn 8% on your investments, our calculator shows it will take three years to get back to where you were in 2007.

Follow this link to read more: http://www.kiplinger.com/features/archives/2009/05/recoup-your-savings.html