Money Growth Chart
The Power of Time and Compound Interest Now is the time to start saving—
We’ll assume a few things: 1) you receive an allowance of $1 per week for each year of your age until age 19, 2) you invest 1/3 of your allowance each week, and 3) your contributions grow at an interest rate of 3%.
don’t wait another day. If you do wait, you’ll miss out on the great benefits that time gives you and your money. Here is an example of the power of compound interest when you start at a young age.
Your starting age
5
6
7
8
9
10
11
12
10 20 30 40 50 60 70
$651.18
$551.67
$435.76
$304.52
$158.95
N/A
N/A
N/A
$3,432.82
$3,298.63
$3,142.35
$2,965.39
$2,769.11
$2,554.80
$2,323.68
$2,076.94
$4,628.63
$4,447.71
$4,236.99
$3,998.38
$3,733.73
$3,444.75
$3,133.13
$2,800.43
$6,241.01
$5,997.06
$5,712.93
$5,391.22
$5,034.37
$4,644.73
$4,224.55
$3,775.96
$8,415.06
$8,086.13
$7,703.03
$7,269.24
$6,788.08
$6,262.72
$5,696.17
$5,091.31
$11,346.43
$10,902.92
$10,386.37
$9,801.47
$9,152.70
$8,444.32
$7,680.42
$6,864.86
$15,298.95
$14,700.93
$14,004.44
$13,215.80
$12,341.03
$11,385.89
$10,355.88
$9,256.23
The sooner you start saving and investing, the better off you’ll be. So don’t just stand there—get moving!
S A V E , S P E N D A N D S H A R E F O R L I F E .
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