Importance of Investing Early
This calculator demonstrates the value of starting to invest as early as possible in life. The more years you can compound interest on your investment the faster your investment will accumulate and the better off you will be when you retire and start enjoying your savings.
This calculator computes the growth of your investment up to age 65 starting your investment at various ages from age 20 to age 40 in intervals of 5 years. The purpose of the calculator is to highlight the difference between starting to invest at age 20 versus starting to invest at age 40.
Simply plug in your initial investment and leave it at that, letting your single one-time investment grow over time; or you can make an initial investment and contribute periodically to your investment account throughout each year. Periodic contributions to your account are optional (but advisable, of course).NOTE: ONCE YOU HAVE INPUT YOUR DATA AND PRODUCED THE GRAPH YOU CAN SIMPLY MOUSE OVER EACH OF THE 5 GRAPH LINES TO VIEW THE GROWTH OF YOUR INVESTMENT YEAR BY YEAR.