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| Three Painless Ways To Get There. The earlier you begin your IRA, the more time it will have to accumulate, and the greater its 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 IRA funding 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 IRAs 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. |
Example A: Who Wants To Be A Millionaire Example B: Who Wants To Be A Millionaire Summary |
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