How Rich Can You Be When You Retire?
Below the compound interest calculator you’ll find a few fictional examples to help you out if needed.
Click on the ? signs for more information about each input/output of this compound interest calculator.
Compound Interest Calculator
Compound Interest Chart
Emily, 30 years old
Emily has enough money saved up for a financial buffer, but not enough to start investing with. She’s just started working at a small company. Her salary is $2000 per month. She wants to start investing 5% of her salary each month. Emily doesn’t want to spend a lot of time on investing, so she chooses to invest $100 each month in a fund that tracks the 500 biggest companies in the USA. The average return on investment is around 8%. The inflation is about 2%. She retires at the age of 67, so the total amount of years of growth is 37.
According to this compound interest calculator, the future value of her portfolio is $152.651,37.
Chris, 27 years old
Chris has a solid financial buffer and has $5000 to invest with right away, which will be his initial investment. He’s working as a teacher and earns $2500 per month. He wants to invest $50 per week. Chris puts 50% of his money in a fund that tracks the 500 biggest companies in the USA. The other 50% goes to individual stocks of companies he likes, such as Apple, Facebook and Netflix. He believes his average return on investment will be around 10%. The inflation is about 2%. Chris wants to retire at the age of 62, so that's 35 years of growth.
According to this compound interest calculator, the future value of his portfolio is $519.361,45.
Alejandra, 28 years old
Alejandra has a great financial buffer of 6 months of expenses. She’s got $10.000 to invest with right away, which will be her initial investment. Alejandra is an entrepreneur and runs an online clothing business. She earns about $3000 per month. She’s got some extra time to look into individual stocks and she’s also interested in cryptocurrencies. Alejandra wants to invest $200 per month in stocks that she chooses, and an additional $100 per month in bitcoin. She thinks her average return on investment will be 12%. The inflation is about 2%. She wants to retire when she’s 60 years old, which means 32 years of growth.
According to this compound interest calculator, the future value of her portfolio is $925.702,42.
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