Work out latte factor savings instantly with clear inputs, formula shown and shareable results.
The daily amount becomes a monthly contribution of 30.44 times that figure, compounded as an ordinary annuity at the monthly equivalent of the annual return. Over twenty years growth typically exceeds the contributions themselves, which is the entire argument behind the latte factor idea.
Future value
FV = monthly contribution x ((1 + monthly rate)^months - 1) / monthly rate
FV = monthly contribution x ((1 + monthly rate)^months - 1) / monthly rate. The daily amount becomes a monthly contribution of 30.44 times that figure, compounded as an ordinary annuity at the monthly equivalent of the annual return.
Over twenty years growth typically exceeds the contributions themselves, which is the entire argument behind the latte factor idea.
Enter small daily spend, years to invest, annual return. The defaults shown are a realistic worked example — swap in your own figures to get a result you can use.