The graph shows that until about 10 years, the majority of the balance is the cumulative amount I've invested rather than interest earned. In the graph, the interest earned is the difference between the End Balance (blue line) and the Cumulative Interest (magenta line).
The screenshot below shows that my estimated savings balance after 30 years is about $134,500. I'm pretty sure that my tax return will be at least $1000 so I enter that in the Additional Annual Investments field. I also want to deposit my tax return, but that will change from year to year.
42 Effective Ways to Save Money How Do I Track My Savings Goals? Using the Savings CalculatorĮxample: Let's say I start with $2500 in a savings account with a 4.0% annual interest rate (perhaps a CD or money market).
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