How much will I have if I invest $100 a month for 5 years?

Investing $100 per month for a period of five years can be a wise financial decision. Assuming an expected return rate of 6%, this investment strategy would lead to significant growth over time.

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Over the course of five years, you would contribute a total of $6,000 to your investment portfolio. This steady monthly contribution ensures that you are consistently building wealth and taking advantage of compound interest.

At the end of the five-year period, your portfolio would be worth $6,949. This represents a significant increase from your initial contributions, demonstrating the power of compound interest and the importance of consistent investments.

During the five years of contributions, your portfolio would earn approximately $950 in returns. This amount highlights the potential for your investment to grow and generate income, even with relatively modest monthly contributions.