If you use the
Simple Savings Calculator it will do the math for you and figure out how much you can save over a certain amount of time. I don't know who's managing to swing over 6% interest these days, but if you save a $100 a month at 2.5% interest for 10 years your total = $ 13,618.96. If you plan on living a long time and save $100 a month at 2.5% interest for 50 years your total = $ 119,408.87. Good luck everyone!
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