Save $100 a month for 15 years
Future value (at 7% / yr)
$31,696
You contribute
$18,000
Investment growth
$13,696
Total payments
180
Putting away $100 every month for 15 years (180 deposits) at an assumed 7% annual return, compounded monthly, grows to about $31,696. Of that, $18,000 is money you paid in and $13,696 is compound growth.
Assumes a constant 7% annual return compounded monthly and level contributions. Real returns vary; this is an illustration, not financial advice.
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