The Power of Saving

You are a 30 year old couple and you fully fund your Roth IRA ($500 month) earning 11% interest. You pay off your mortgage in 12 years with payments of $1250 a month, then invest that money monthly.

By age 65, you will have: $2,280,986 tax-free plus $1,555,861.  Total= $3,836,847

By age 70, you will have: $3,880,961 tax-free plus $2,789,351.  Total= $6,670,312

Source: Financial Freedom, Melaleuca, Inc., 2004.