See how your investments grow over time
Compound interest is interest calculated on both the initial principal and all previously accumulated interest. Einstein reportedly called it the "eighth wonder of the world" — the longer your money compounds, the faster it grows.
Starting earlier makes a massive difference: $500/month from age 25 at 7% grows to ~$1.3M by 65. Starting at 35 with the same contributions reaches only ~$600K — half the amount for the same monthly investment.
Projections are estimates based on a constant rate of return. Actual investment returns vary and past performance does not guarantee future results.