Waiting Can Be Costly
Watch this video and learn more about when to invest.
Compounding makes a lifelong difference.
Accumulated earnings at age 65
Invests $1,200 a year from age 40 to 65 Investment years: 25 years
Invests $1,200 a year from age 18 to 65 Investment years: 47 years
The power of compounding
The sooner you get started, the more you’ll have time on your side. Enter an annual IRA contribution amount and the year you expect to retire.
Source: Schwab Center for Financial Research. Assumes a consistent annual 6% rate of return with $1,200 contributions made at the beginning of each year. The amounts shown reflect investment growth only, and final results do not consider any transaction costs, fees, or taxes. This represents a hypothetical investment, is for illustrative purposes only, and is in no way to be considered indicative of any guaranteed performance an investor can expect to achieve. The actual annual rate of return and value will fluctuate with market conditions.