How much money do you need to save and invest per month to reach your goals?
How much money do you need to save and invest per month to reach your goals?
Use the Compound Interest Calculator at https://www.investor.gov/financial-tools-calculators/calculators/compound-interest-calculator (Links to an external site.) to caluate how much you need to save and invest per month.
What type of return should you expect if you invest your savings in U.S. equities. The S&P 500 index is a benchmark of American stock market performance, dating back to the 1920s. The index has returned a historic annualized average return of around 10% since its inception through 2019. If you use a different return number to calculate your performance please explain why.