wichita.edu
… $1,050. Year 2: Instead of just earning interest on your original $1,000, you now earn 5% on $1,050, which is $52.50 Year 3: Your total grows to $1,102.50, and the interest keeps building year after year. Year 30: After 30 years, the total will grow to over $4,300 through compounding alone, and the annual interest earnings will be over $215. Starting early …
https://www.wichita.edu/services/humanresources/Total_Rewards/Benefits/Retirement/kbor_2025_q2.php