The following table shows you how much you'll have at the end of a period of years if you save or invest $100 a month, assuming various annual returns.
Year |
5.50% |
7% |
8% |
9% |
10% |
12% |
1 |
1,236 |
1,284 |
1,296 |
1,308 |
1,320 |
1,344 |
2 |
2,542 |
2,658 |
2,696 |
2,734 |
2,772 |
2,849 |
3 |
3,922 |
4,128 |
4,207 |
4,288 |
4,369 |
4,535 |
4 |
5,380 |
5,701 |
5,840 |
5,982 |
6,126 |
6,423 |
5 |
6,920 |
7,384 |
7,603 |
7,828 |
8,059 |
8,538 |
6 |
8,546 |
9,185 |
9,507 |
9,841 |
10,185 |
10,907 |
7 |
10,265 |
11,112 |
11,564 |
12,034 |
12,523 |
13,560 |
8 |
12,080 |
13,174 |
13,785 |
14,425 |
15,095 |
16,531 |
9 |
13,998 |
15,380 |
16,184 |
17,032 |
17,925 |
19,858 |
10 |
16,024 |
17,740 |
18,775 |
19,872 |
21,037 |
23,585 |
11 |
18,164 |
20,266 |
21,573 |
22,969 |
24,461 |
27,760 |
12 |
20,425 |
22,969 |
24,594 |
26,344 |
28,227 |
32,435 |
13 |
22,814 |
25,861 |
27,858 |
30,023 |
32,370 |
37,671 |
14 |
25,337 |
28,955 |
31,383 |
34,033 |
36,927 |
43,536 |
15 |
28,002 |
32,266 |
35,189 |
38,404 |
41,940 |
50,104 |
16 |
30,818 |
35,808 |
39,300 |
43,168 |
47,454 |
57,460 |
17 |
33,793 |
39,599 |
43,740 |
48,362 |
53,519 |
65,700 |
18 |
36,936 |
43,655 |
48,536 |
54,022 |
60,191 |
74,928 |
19 |
40,255 |
47,995 |
53,714 |
60,192 |
67,530 |
85,263 |
20 |
43,762 |
52,638 |
59,308 |
66,917 |
75,603 |
96,838 |
21 |
47,967 |
57,607 |
65,348 |
74,248 |
84,483 |
109,803 |
22 |
51,381 |
62,923 |
71,872 |
82,238 |
94,252 |
124,323 |
23 |
55,516 |
68,612 |
78,918 |
90,948 |
104,997 |
140,586 |
24 |
59,884 |
74,699 |
86,527 |
100,441 |
116,816 |
158,801 |
25 |
64,498 |
81,212 |
94,745 |
110,789 |
129,818 |
179,201 |
26 |
69,373 |
88,181 |
103,621 |
122,068 |
144,120 |
202,049 |
27 |
74,522 |
95,637 |
113,207 |
134,362 |
159,852 |
227,639 |
28 |
79,962 |
103,616 |
123,559 |
147,762 |
177,157 |
256,299 |
29 |
85,709 |
112,153 |
134,740 |
162,369 |
196,193 |
288,399 |
30 |
91,780 |
121,288 |
146,815 |
178,290 |
217,132 |
324,351 |
You can see that the latter columns (10%, 12%) grow to more than $200,000, while the earlier columns (5.5% and 7%) barely reach $100,000. This is similar to comparing savings accounts to fund or stock investments.
Last Updated on 11/5/98
By En The Black
Email: [email protected]