You once heard that if you were to save just a little each month that it will add up to a nice cushion for retirement. If you were to save just $25 a month over the next 40 years and deposited the money into an account with an annual rate of 4.5% compounded monthly how much would you have at the start of retirement in that account?
Your savings could be worth $33,654.82 after 40 years. If you save $25.00 per month your savings may grow to $33,654.82 after 40 yearsand a 4.5% annual rate of return. Balance by Year Results
