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The Financial Independence, Retire Early (FIRE) movement is a personal finance approach that emphasizes high savings rates and investment to achieve financial independence and potentially retire earlier than the conventional retirement age. [Wikipedia]
This calculator (developed by the Bank of Italy - "L'economia per tutti") helps you estimate how a lump-sum deposit or other initial investment might grow over the years (e.g. compound interest), including any regular additional payments, based on a set of assumptions: annual interest rate (or expected return), frequency of additional contributions (monthly or yearly), and frequency of interest calculation (monthly or yearly).
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