Minnesota Bank & Trust
Financial Calculators

Take the guess work out of your financial plans.

Financial Calculators

Take further control of your finances with our savings calculators. Our calculators will help you answer financial questions such as how much you need to save for emergencies, the amount you can save by packing your own lunches, and even the steps needed to take to become a millionaire! Choose from any of the ten calculators below.


Benefit of Spending Less Calculator
Reducing your spending can be worth more than you might think. Use this calculator to see just how much your budget reductions may be worth, if you were to invest them.

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Certificate of Deposit Calculator
Use this calculator to find out how much interest you can earn on a Certificate of Deposit (CD).

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College Savings Calculator
Saving for your children's education requires a long-term plan. And, like saving for retirement, the earlier you start your plan the better. Use this calculator to help develop or fine-tune your education savings plan.

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Compound Savings Calculator
Consistent investments over a number of years can be an effective strategy to accumulate wealth. Even small additions to your savings add up over time. This calculator demonstrates how to put this savings strategy to work for you.

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Compound and Your Return Calculator
How interest is calculated can greatly affect your savings. The more often interest is compounded, or added to your account, the more you earn. This calculator demonstrates how compounding can affect your savings, and how interest on your interest really adds up!

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Cool Million Calculator
What might it take to save one million dollars? This financial calculator helps you find out.

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Emergency Savings Calculator
Having adequate emergency savings can make unforeseen unemployment, auto repairs, medical emergencies, property damage and even legal issues more manageable.

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Lunch Savings Calculator
One of the best ways to increase your savings is to spend less. Even a simple change such as bringing a bagged lunch to work a few times a week can make a difference.

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Savings Goal Calculator
Planning a sabbatical? Saving for a down payment on a house? What will it take to reach your financial goal? This calculator helps you find out.

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Savings, Taxes, and Inflation Calculator
The value of your savings can be affected by both taxes and inflation. Use this calculator to determine how much your savings will be worth with this in mind.

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Refinance calculator
How much interest can you save if you refinance an existing personal loan? This calculator helps you find out! Enter the specifics about your current loan and determine how much interest refinancing can save you. In addition, it will calculate the number of months to break even on closing costs with your reduced monthly payment. Click the "View Report" button for a detailed look at the results.

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Loan payment calculator
Enter your desired payment - and let us calculate your loan amount. Or, enter in the loan amount and we will calculate your monthly payment. You can then examine your principal balances by payment, total of all payments made, and total interest paid. Press the report button to see a monthly payment schedule.

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Debt to income ratio calculator
Use this calculator to quickly determine your debt-to-income ratio. This is the percentage of your gross income required to cover your housing and debt payments. The lower your debt-to-income ratio the more manageable your debt load will be. A low debt-to-income ratio increases the odds that you will be able to meet your monthly obligations. This ratio and your credit score are the two most important factors used by creditors when extending loans and credit.

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Retirement planning calculator
Do you know what it takes to work towards a secure retirement? Use this calculator to help you create your retirement plan. View your retirement savings balance and your withdrawals for each year until the end of your retirement. Social Security is calculated on a sliding scale based on your income. Including a non-working spouse in your plan increases your Social Security benefits up to, but not over, the maximum.

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Start saving calculator
Waiting to begin your savings plan may have an important impact on your results. A delay of even a few years could cost thousands of dollars. This calculator helps show you how much postponing your savings plan may really cost.

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