See the power of compound growth and starting early
If you invest $500/month until age 65:
See how small changes can make a big difference
| Year | Age | Contributions | Interest | Balance |
|---|
Time is your biggest advantage. Even small amounts invested early can grow significantly due to compound interest.
Set up automatic monthly transfers to your investment account. Pay yourself first before you can spend it.
When you get a raise, increase your contribution by at least half the raise amount. You won't miss what you never had.
Prioritize 401k (especially if employer matches) and Roth IRA before taxable accounts for tax-free growth.