Using this: http://www.moneychimp.com/calculator/compound_interest_calculator.htm , I calculated that with a yearly input of $260, a per-annum interest rate of 3%, and 40 years of deposits, you’ll have $20,192.46 by the time you’re in your sixties. With an interest rate of 4%, you’ll have $25,694.90.
Using this: http://www.moneychimp.com/calculator/compound_interest_calculator.htm , I calculated that with a yearly input of $260, a per-annum interest rate of 3%, and 40 years of deposits, you’ll have $20,192.46 by the time you’re in your sixties. With an interest rate of 4%, you’ll have $25,694.90.