This planner helps you figure out how big your "Mango Fund" needs to be to produce the amount of mangoes.
The main idea is simple: Your required Mango Fund is your Annual Mango Goal divided by your Mango Growth Rate.
1. Annual Mango Goal ($)
This is the total dollar value of the mangoes you want your fund to generate for you each year. The planner also automatically shows you what that breaks down to per month, which is helpful for planning for regular costs.
Example 1: If your goal is $1,200 worth of mangoes annually (which is $100 per month) with a 4% growth rate, you'll need a Mango Fund of $30,000 ($1,200 / 0.04).
Example 2: To get $6,000 worth of mangoes each year ($500 per month) with that same 4% growth rate, your fund would need to be $150,000 ($6,000 / 0.04).
This is the rate at which your Mango Fund grows on its own each year. A higher growth rate means your fund is more productive, so you don’t need as large of a fund to reach your goal.
Example 1: To reach a $2,400 Annual Mango Goal with a slower 2% growth rate, you would need a Mango Fund of $120,000 ($2,400 / 0.02).
Example 2: To reach that same $2,400 goal with a faster 8% growth rate, you would only need a Mango Fund of $30,000 ($2,400 / 0.08).
The passive mango calculator is just for fun, this is not financial advice.