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Table 1:  The Growth of a Single Investment of $3,600
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This chart shows the growth of a single one time investment of $3,600 in a retirement account that has grown at a steady rate of 13% a year.  

Missionary's

age

# of

years

Deposit

interest

New

balance

23

1

3,600

468

4,068

24

2

529

4,597

25

3

598

5,194

26

4

675

5,870

27

5

763

6,633

28

6

862

7,495

29

7

974

8,469

30

8

1,101

9,570

31

9

1,244

10,815

32

10

1,406

12,220

33

11

1,589

13,809

34

12

1,795

15,604

35

13

2,029

17,633

36

14

2,292

19,925

37

15

2,590

22,515

38

16

2,927

25,442

39

17

3,308

28,750

40

18

3,737

32,487

41

19

4,223

36,711

42

20

4,772

41,483

43

21

5,393

46,876

44

22

6,094

52,970

45

23

6,886

59,856

46

24

7,781

67,637

47

25

8,793

76,430

48

26

9,936

86,366

49

27

11,228

97,593

50

28

12,687

110,281

51

29

14,336

124,617

52

30

16,200

140,817

53

31

18,306

159,123

54

32

20,686

179,810

55

33

23,375

203,185

56

34

26,414

229,599

57

35

29,848

259,447

58

36

33,728

293,175

59

37

38,113

331,287

60

38

43,067

374,355

61

39

48,666

423,021

62

40

54,993

478,014

63

41

62,142

540,155

64

42

70,220

610,376

65

43

79,349

689,724

 

 

 

Other Chapters in this Section

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If you had $100 Billion
Although I don't have $100 billion, I do have 500 billion
What I would do with the Money
Now it's your Turn
Seed Money
Roth IRA



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