This excel sheet takes you through various time frames and desired targets to reach with a given return.
You can play around with your own numbers. Do not fail to note that early investment always pays for itself earlier.
You need to save much lesser if you start earlier for reaching the same target and with same returns as shown below. Power of compounding is a great friend for the early investor.
Disclaimer:
These calculators (excel sheets) are designed to be informational and educational tools only, and when used alone, do not constitute investment advice. We strongly recommend that you seek the advice of a financial services professional before making any type of investment. We are not responsible for any human or mechanical errors or omissions.