How to save $100,000 in 20 years
Save each month (at 6% / yr)
$216.43/mo
You contribute
$51,943
Investment growth
$48,057
Goal
$100,000
To reach $100,000 in 20 years assuming a 6% annual return compounded monthly, you'd need to invest about $216.43 per month. Over 240 months you contribute $51,943, and compound growth adds the remaining $48,057.
Assumes a constant 6% annual return compounded monthly. Illustration only, not financial advice.
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