Quote Originally Posted by plv

-tony puts his $10,000 in his 11% apy mutual funds. after 10 years, he will have $28,394.21 and after 10 more years he will have $80,623.12
Another thing to remember is if this is long term savings DO NOT TOUCH IT! Learn from my mistake, I took out about $4500 some years ago thinking it wouldn't make a big difference but with the nature of compound interest that $4500 set me back at least $7,000 today. When I'm finally ready to use my savings that $4500 would be in the mid to high 5 figure range.