Saving for the Future


PDF of Your Money Matters Guide for High School Students opens in a new tab.Begin saving now and you’ll be surprised by how much your wealth will grow. Follow these simple tips for saving success.



::Savings Chart::


This chart shows how much money you'll have by age 65, thanks to the power of compounding interest. It assumes a 5 percent return, compounded annually, and assumes the saver will continue to save the same amount each week until age 65.
Age
$10

each week
$25

each week
$50

each week
20
$85,143
$212,859
$425,176
30
$48,154
$120,385
$240,768
40
$25,445
$63,614
$127,227
50
$11,504
$28,761
$57,522




::Cost of Delay Chart::


The chart shows how much money you'll lose by waiting a year to start saving. It assumes a 5 percent return, compounded annually, and assumes the saver will continue to save the same amount each week until age 65.
Age
$10

each week
$25

each week
$50

each week
20
- $4,562
- $11,406
- $22,811
30
- $2,801
- $7,002
- $14,003
40
- $1,719
- $4,299
- $8,597
50
- $1,055
- $2,639
- $5,278