Ever wonder what would happen if you invested instead of spent? This calculator shows the power of compound interest over time.
$10,000 invested at 10% annual return grows to $67,275 in 20 years.
Adding $500/month to that turns it into $447,000+ in the same period.
At 10% average annual return (S&P 500 average), $10,000 grows to approximately $67,275.
At 10% annual return, $500/month for 30 years grows to approximately $1,130,244.
The S&P 500 has averaged about 10% annually since 1926, but past performance doesn't guarantee future results.