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Investment & Savings Calculators

Real Return Calculator

Inflation-adjusted (real) rate of return from a nominal return and inflation, using the exact Fisher equation.

Enter values

Results update as you type.

Result

Real return

4.8544%

After-tax nominal return
8%
Quick approximation
5%

About the Real Return Calculator

Inflation-adjusted (real) rate of return from a nominal return and inflation, using the exact Fisher equation.

Also known as: inflation adjusted return, real rate of return, return after inflation, fisher equation.

How to use this calculator

  1. Enter nominal return, inflation rate, tax on returns (optional).
  2. The result updates instantly as you type — press Calculate (or Enter) at any time.
  3. Review the breakdown shown under the main result.
  4. Use Copy result or Share to save the answer or send a link with your inputs.

Formula

(1 + real) = (1 + nominal) / (1 + inflation)

Worked example

Using the values pre-filled in the calculator above:

  • Nominal return = 8 %
  • Inflation rate = 3 %
  • Tax on returns (optional) = 0 %

the calculator returns:

  • Real return: 4.8544%
  • After-tax nominal return: 8%
  • Quick approximation: 5%