To take advantage of the power of compounding, it pays to start investing as soon as you can. The earlier you start, the easier it will be to achieve your financial goals.
Compounding occurs when your earnings on an investment are added to the amount you originally invested. As your total investment grows larger, your earnings have the potential to grow larger, too. How fast an investment grows over time depends on the rate of return you earn each year.
Use the compounding calculator to estimate the future value of an investment based on different rates of return.
Note: Get started investing as early as you can! Many investors lose out because they wait too long to get started or invest too little. If you don’t start investing early, it can be difficult to catch up.
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