The future value of investment after 30 years?

Annual income, SGD36,000. Total contribution from income for investment @ 23% of annual income p.a., with growth rate of salary @ 3%p.a. over 30 years. Investment rate in bonds @ 5% p.a. Please show workings.

Stocks Monthly shows a much more agressive approach and much higher returns. Their target is to grow from $10,000 to $10 Million in 20 years. After only 15 years, they are well on target (Just under $5 Million).

Someone with a 30 year horizon for investing a sum of money should NEVER be putting it in bonds! A 5% return is something you should expect from money you might need next Tuesday or six months from now, but if you don't "need" it for 30 years, it should be in MUCH higher yielding instruments like stocks or stock mutual funds....

But to answer the math part of the question, you can use this:

http://personal.fidelity.com/toolbox/gro...

to arrive at an answer of about $620,000

All that is happening here is you take the amount invested each paycheck, add it to the total, and multiply the total by a factor reflecting the annual rate of return divided by the pay period.

You can see from this (hopefully) that there is insufficient information in your question for an accurate answer; how often is the interest compounded? Daily? Annually? Since you are also paid interest on the interest you have already received, you see this can be a complex calculation!