| Initial Investment ($): | ||
| Annual Contribution: | ||
| Interest Rate (%): | ||
| Compound Rate: | ||
| Years of Growth: | ||
Compounding interest is very powerful. At an interest rate of 2%, every dollar saved today will be equal to $2.70 in 50 years.
As described in chapter 2 of Wealthing like Rabbits, earnings generated from interest will overtake contributions by a significant amount if given the time to do so.