An important quantity, but not the only one. More information is needed for a better estimate.
$
Contributions tend to be important for the beginning years, but less important over time as interest accumulates.
$
Contributed at end of each year.
$200 first year
The rate of return can have a large impact on the outcome but unfortunately is difficult to predict. This calculator shows past rates for the S&P 500 with adjustments for inflation. But the past is no guarantee of the future.
Compounded annually. Money doubles every 11.9 years.
Longer savings periods provide disproportionately high value. Many will see the majority of their growth happen in the final years.
Ends in the year 2035
This calculator tracks the impact of various inputs on savings growth through compound interest. All outputs are rounded to the nearest dollar. Interest is compounded yearly and contributions occur in a lump-sum at the end of each year. Extra days due to leap years are not taken into account. Inflation should be accounted for in the return rate if that is desired.
| Savings after 10 years (Year 2035) | Value |
|---|---|
| Starting | $50,000 |
| Interest | $73,009 |
| Contributions | $109,497 |
| Total | $232,506 |
Track your progress using your projected savings during each year.
| Year | Interest | Contrib. | Total |
|---|---|---|---|
| 0 | 0 | 0 | 50K |
| 1 | 3K | 10K | 63K |
| 2 | 6.8K | 20.2K | 77K |
| 3 | 11.4K | 30.6K | 92K |
| 4 | 16.9K | 41.2K | 108K |
| 5 | 23.4K | 52K | 125K |
| 6 | 30.9K | 63.1K | 144K |
| 7 | 39.6K | 74.3K | 164K |
| 8 | 49.4K | 85.8K | 185K |
| 9 | 60.5K | 97.5K | 208K |
| 10 | 73K | 109K | 233K |
I'm not a financial consultant or in the finance industry. While I've made every attempt to make sure that these numbers are accurate, I cannot be held responsible if these calcuations are not correct.
| Savings after 10 years (Year 2035) | |
|---|---|
| Starting | $50,000 |
| Interest | $73,009 |
| Contributions | $109,497 |
| Total | $232,506 |
How to Read Charts Charts show the final savings for different input values. Comparatively flat charts indicate values that do not make a large difference to the result. And values with larger slopes have more impact.