Time to a target
Enter a monthly amount and a target to see how many years it takes.
Hover or tap a bar to see that year.
Show the figures for every year
How this is worked out
- How it grows. Each month the balance grows by one twelfth of the yearly return. Then the monthly amount is added.
- Doubling the amount does not halve the time. Growth adds more the longer the money is invested.
- Early on, saving matters more than return. A 10% return on 1,000 is 100. Saving another 400 a month adds 4,800 a year.
- Use a cautious return. 5.5% to 6% for a world share fund. Past returns do not promise future ones.