Project how a dirham savings or investment plan grows when you add to it every month and let the returns compound. The tool also shows the inflation-adjusted value, because 100,000 MAD in twenty years does not buy what it buys today. Values update as you type.
Compounding is the effect of earning a return not just on your original money but on the returns it has already produced. Over a year or two it is barely visible; over a decade or more it becomes the dominant driver of the final number. The calculator assumes contributions are made monthly and the return compounds monthly, which is a reasonable approximation of a regular savings plan into an interest-bearing account or a fund.
Two inputs matter more than people expect. The first is time: the gap between a 10-year and a 25-year horizon is far larger than the ratio of the two periods, because the later years compound on a much bigger base. The second is the monthly contribution: for most savers, the amount added every month does more of the work than the starting lump sum, especially early in the plan.
The headline future value is in nominal dirhams - the number that will appear on a statement. The inflation-adjusted value restates that number in today's purchasing power, which is what actually tells you how much more you can buy. If your investments return 6% while inflation runs at 2%, your real return is roughly 4%, and the real-value line reflects that. This is why cash under a mattress or in a zero-interest current account loses ground over time: with no nominal return, inflation erodes the real value every year. Our explainer on how inflation is measured in Morocco covers the index behind that erosion.
This is a projection tool, not a forecast. The "expected annual return" you type is an assumption, and no Moroccan investment guarantees it. Bank time deposits and Treasury bills pay a contractual but modest rate; the Casablanca equity market (MASI) has delivered higher long-run returns historically but with real volatility, including multi-year drawdowns, and past performance does not predict the future. A sensible way to use the tool is to run it two or three times - a conservative rate, a middle rate, and an optimistic rate - and look at the range rather than a single number. Returns on Moroccan investment income are also taxed at source; our after-tax calculator shows what withholding does to dividends, gains, and interest.
Method. Future value is computed with monthly compounding: the starting amount grows at the monthly rate for the full horizon, and each monthly contribution grows for the months remaining after it is added. The real (inflation-adjusted) value divides the nominal result by (1 + inflation) raised to the number of years. All figures are estimates for illustration and are not investment advice or a promise of returns.