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Who Wants To Be A Millionaire?
Example A:
Three Ways To Get There.
The earlier you begin your investing, the more time it will have to accumulate, and the greater its potential value will be at age 65. The table below shows how three investors made close to $1 million by age 65—each beginning at a different age.
As you can see, by initiating an investment plan at age 14, Investor C's net earnings at age 65 were $1,174,600, on a modest investment of only $10,000—a whopping 117-fold return on his original investment! By starting their retirement plan later (ages 19 and 26) Investors A and B earned nearly $1 million, but they had to invest more money over a longer period of time to attain it. All three investors reached their goals, but Investor C had a much greater return on his investment.
Disclaimer: Figures, calculations, and illustrations are for illustrative purposes only. They are based on a hypothetical rate of return of 10% and does not represent investment in any specific product. They may not be used to predict or project investment performance in any product and of course market returns will vary and could lose value. Unless noted, charges and expenses that would be associated with an actual investment are not reflected.
