Save $100 a month for 20 years
Future value (at 7% / yr)
$52,093
You contribute
$24,000
Investment growth
$28,093
Total payments
240
Putting away $100 every month for 20 years (240 deposits) at an assumed 7% annual return, compounded monthly, grows to about $52,093. Of that, $24,000 is money you paid in and $28,093 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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