Watching your savings grow
You don’t have to save a lot of money to have it add up substantially over time. The charts below show how your money can grow, depending on how much you save every month and what interest rate you earn on your savings.
How Savings Grow Over 5 Years
|
Monthly Amount of Savings
|
4 percent
|
6 percent
|
8 percent
|
10 percent
|
|
$25
|
$1,657
|
$1,744
|
$1,837
|
$1,936
|
|
$50
|
$3,315
|
$3,489
|
$3,674
|
$3,872
|
|
$75
|
$4,972
|
$5,233
|
$5,511
|
$5,808
|
|
$100
|
$6,630
|
$6,977
|
$7,348
|
$7,744
|
|
$200
|
$13,260
|
$13,954
|
$14,695
|
$15,487
|
How Savings Grow Over 10 Years
|
Monthly Amount of Savings
|
4 percent
|
6 percent
|
8 percent
|
10 percent
|
|
$25
|
$3,681
|
$4,097
|
$4,574
|
$5,121
|
|
$50
|
$7,362
|
$8,194
|
$9,147
|
$10,242
|
|
$75
|
$11,044
|
$12,291
|
$13,721
|
$15,363
|
|
$100
|
$14,725
|
$16,388
|
$18,295
|
$20,485
|
|
$200
|
$29,450
|
$32,776
|
$36,589
|
$40,969
|