Funding time away from work.
A worked example
Starting figures
- Monthly spending
- $2,800
- Months off
- 6
- Saved so far
- $8,000
- Months until you go
- 12
What it returns
- Fund needed
- $16,800
- Save per month
- $733.33
- Shortfall
- $8,800
How to read the results
With the defaults above, fund needed works out at $16,800.