Investing $131 a month you will have $100,000 in 20 years

Let's say $100,000. We want to reach $100,000. And then initial investment, we will put zero. And then years to grow, we have 20 years. Kid is born. You want to, let's say, put away for his wedding. In 20 years from now, you want to have $100,000 to marry off your child. You put in zero investments. I don't have any money now to put down. And we have years to grow. 20. And then we're going to put estimate rate of 10% as the S&P 500 did an average of 10% in the past 2030 years. Do annual, no, monthly or manual doesn't make a big difference. And then hit calculate. Once you hit calculate, it's going to populate exactly. If you contribute $13,169 every month over the next 20 years towards your goal, you will have $100,000 in savings. Then you can move down, see the chart. It shows you a very clear chart how it works. You can click on show table and it's going to show you how it works. Year number one, year number two, all the years. By the end, you'll scroll down, you'll see your contribution was $33,000 and you have a total of $100,000. Now, what is if I have a six-year-old or an 8-year-old and I want to know, do I need to put down anything in the beginning? What should I do? So, if you have, let's say, the same goal of $100,000 and you have a six-year-old. So, we need $2,000 per year that you missed. Let's put in $12,000 because he's 6 years old now. So, putting in $12,000 as the initial investment. We only have 14 years to go. As he is six, to reach the 20 is only 14 years. Calculate. You will still need $141 per month to reach the goal. and you put in $12,000 in the beginning. And the same as with all your other kids, you can calculate by the age.