SmartAsset’s Investment Calculator tool allows users to envision what their financial future may look like.
Enter a starting dollar figure, the frequency and amount of additional contributions, and a rate of return to see how much money will accumulate after any number of years. It calculates interest earned and interest earned by year, and the end balance, for every year in a specified time frame.
It’s a good idea not to wait to start putting your money to work for you. And remember that your investment performance will be better when you choose low-fee investments.