Step 7: The Wealth Starter
Compound Interest Calculator
See how your money grows over time. Plug in your numbers and watch compound interest do the heavy lifting.
A long term rate like 6 to 7 percent is a common planning assumption. Adjust it to model whatever rate you want. This is an assumption you choose, not a prediction.
Final Balance After 20 Years
$108,832Total Contributions
$49,000
Interest Earned
$59,832
Your money earned $59,832 in interest alone
Contributions vs. Interest
The green bar is free money. The longer you wait, the smaller it gets.
⚠ Important Disclosure
These calculators provide hypothetical projections for educational purposes only. Actual results will vary based on your individual circumstances. Return rates shown are examples only and are not guaranteed. This tool does not constitute investment advice.
Year-by-Year Growth
| Year | Balance |
|---|---|
| 1 | $3,565 |
| 2 | $6,316 |
| 3 | $9,266 |
| 4 | $12,428 |
| 5 | $15,820 |
| 6 | $19,456 |
| 7 | $23,356 |
| 8 | $27,537 |
| 9 | $32,021 |
| 10 | $36,829 |
| 11 | $41,984 |
| 12 | $47,512 |
| 13 | $53,439 |
| 14 | $59,796 |
| 15 | $66,611 |
| 16 | $73,919 |
| 17 | $81,756 |
| 18 | $90,159 |
| 19 | $99,170 |
| 20 | $108,832 |
Seeing the Numbers Grow Is Motivating. Actually Starting Is the Hard Part.
Step 7 of the 10-Step Framework is where you allocate 20% of your income toward savings and investing. We help you figure out exactly where that money should go.