Future value depends on initial investment, monthly contributions, rate of return, and time. Example: $10,000 initial + $500/month at 7% for 20 years grows to $333,895. The same money at 10% becomes $445,680. Use our calculator for your specific scenario.
- Time is your greatest asset - start investing early
- Consistent contributions matter more than timing the market
- Higher returns come with higher volatility (risk)
- Inflation averages 2-3%, reducing real returns
| Starting Amount + $500/month | 10 Years | 20 Years | 30 Years |
|---|---|---|---|
| $10,000 at 6% | $96,432 | $253,892 | $529,870 |
| $10,000 at 7% | $104,883 | $291,907 | $645,867 |
| $10,000 at 8% | $114,038 | $336,282 | $790,530 |
| $10,000 at 10% | $134,654 | $445,680 | $1,130,244 |
The power of compound interest means your money earns returns on previous returns. A 25-year-old investing $500/month until 65 at 7% return accumulates $1.2 million. The same person starting at 35 accumulates only $567,000 - half as much, despite contributing 75% as much money.