How Much Will I Have If I Save £100 a Month?
If you save £100 a month for 10 years at 5% interest, you'll have approximately £15,528. That's £12,000 in contributions plus £3,528 in compound interest.
Your Savings Plan
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Your Savings Growth
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You'll earn £3,528 in interest, which is 29.4% on top of your contributions.
£100/Month Savings Breakdown
What does saving £100 a month get you?
- • 5 years: ~£6,780
- • 10 years: ~£15,528
- • 20 years: ~£39,600
- • 30 years: ~£79,200
*Estimates at 5% annual interest, compounded monthly
Year-by-Year Growth
| Year | Start Balance | Contributions | Interest | End Balance |
|---|---|---|---|---|
| 1 | £0 | £1,200 | +£28 | £1,228 |
| 2 | £1,228 | £1,200 | +£91 | £2,519 |
| 3 | £2,519 | £1,200 | +£157 | £3,875 |
| 4 | £3,875 | £1,200 | +£226 | £5,301 |
| 5 | £5,301 | £1,200 | +£299 | £6,801 |
| 6 | £6,801 | £1,200 | +£376 | £8,376 |
| 7 | £8,376 | £1,200 | +£456 | £10,033 |
| 8 | £10,033 | £1,200 | +£541 | £11,774 |
| 9 | £11,774 | £1,200 | +£630 | £13,604 |
| 10 | £13,604 | £1,200 | +£724 | £15,528 |
Frequently Asked Questions
How much will I have if I save £100 a month?▼
If you save £100 a month for 10 years at 5% interest, you'll have approximately £15,528. Your total contributions would be £12,000, plus £3,528 earned in compound interest.
Is saving £100 a month enough?▼
Saving £100 a month is a solid start. After 10 years you'd have about £15,528, and after 20 years approximately £40,373. The key is consistency and starting early to maximize compound interest.
How much interest will I earn on £100 a month?▼
At 5% annual interest, saving £100 a month earns you about £3,528 in interest over 10 years. That's free money from compound interest - your interest earns interest over time.