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<blockquote data-quote="SlugSlinger" data-source="post: 3059507" data-attributes="member: 7248">That is a great illustration of how your money can grow and work for you.&nbsp; I built a spreadsheet that does the same thing and gave it to my daughter.&nbsp; But your link is a lot easier to visually understand.If people would just start saving and investing when they are young, and NEVER touch the money until retirement, they would have a good savings when they do retire.&nbsp; I think a big problem for most people is they don&#039;t understand and realize the impact of borrowing money from your IRA or 401K.&nbsp; That is a huge costs when you take out the power of compounding the investment returns.My advice is save what you can, invest in an index mutual fund that follows the S&amp;P 500 (or any other mutual that has a good, long track record of returns), and NEVER touch it until you retire, even though its very tempting especially when the value starts to grow.</blockquote>

[QUOTE="SlugSlinger, post: 3059507, member: 7248"] That is a great illustration of how your money can grow and work for you. I built a spreadsheet that does the same thing and gave it to my daughter. But your link is a lot easier to visually understand. If people would just start saving and investing when they are young, and NEVER touch the money until retirement, they would have a good savings when they do retire. I think a big problem for most people is they don't understand and realize the impact of borrowing money from your IRA or 401K. That is a huge costs when you take out the power of compounding the investment returns. My advice is save what you can, invest in an index mutual fund that follows the S&P 500 (or any other mutual that has a good, long track record of returns), and NEVER touch it until you retire, even though its very tempting especially when the value starts to grow. [/QUOTE]

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