⚙️ Adjust the Variables
$200
8%
25
35
65
💰 Wealth at Retirement
🌱 Early Starter
$500,000
Contributed: $96,000
Interest Earned: $404,000
⏰ Late Starter
$250,000
Contributed: $72,000
Interest Earned: $178,000
💥 The Cost of Waiting
$250,000
That's 10 years of waiting costing $25,000 per year!
GENO says:
📐 The Compound Interest Formula
A = P(1 + r/n)nt
A = Final amount
P = Principal (starting amount)
r = Annual interest rate
n = Times compounded per year
t = Number of years