HOW $100 A MONTH WILL GROW!!

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YEARS	6 %	8 %	10 %
5	$6,977	$7,347	$7,744
10	$16,388	$18,295	$20,484
15	$29,082	$34,604	$41,447
20	$46,204	$58,902	$75,937
25	$69,299	$95,103	$132,683
30	$100,452	$149,036	$226,049

This chart shows how much you will have at the end of the years shown if you save or invest $100 a month. If you earn, say six percent interest, the $100 a month will be worth $6,977 at the end of five years or $46,204 at the end of 20 years! That same $100 earning 8% will be worth $58,902 at the end of 20 years. (Find the outlined numbers)

Now, we can also use this chart to calculate how much we need to save for some interesting financial goals such as, retirement scenarios, college education funds, new bass boats, etc. How about your future retirement needs?

Let's assume that we project we will need approximately $300,000 in invested funds so that we can "live off of our interest and dividends" when we retire. IF our savings will earn an average return of 6% for 30 years, then we can look at the chart and see that we will have about $100,000 for every $100 we could save a month. So if we save $300 a month we should have about $300,000.

IF our investment returns can average 8%, we need only to save about $200 a month for the thirty years! Two Times the $149,036 is close to our goal of $300,000. We could also divide our goal, $300,000 by the numbers in the column to see exactly how much we'd need to save to meet the goal.

(Divide our goal of $300,000 by the column 8%, 30 years. The monthly savings needed is really $201.00)

Using this method you can approximate your monthly required savings to meet any future retirement, college or other financial goal!

Let's do one more example--assume, that in order to take care of a college education, you need $35,000 in five years. Now assume, you will earn 6% returns--divide the 35,000 by the amount found in the 6% column--$6,997. You need to save about $500.00 a month for the five years. At 10% returns, you need to save ($35,000/$7,744) $452.00. Now, if you really want to have some fun, do these same examples but assume that you have 10 years to meet your $35,000 goal. Now, try 15 years!

DO YOU SEE THE POWER OF COMPOUNDING??!!

NO MATTER THE AMOUNT
START NOW!