Waiting Until 40 To Start Investing Can Cost You $583K by Age 60 — Here’s the Breakdown

By age 60, you could lose $583,000 or more by waiting to invest at 40 instead of 25, even if you save the same monthly amount. Compound interest is the reason why. We used the U.S. Securities and Exchange Commission’s compound interest calculator to show the breakdown. Plus, how much you’d need to save monthly — without compound interest — to reach that amount. Find out more below. Read This: This ‘Boring’ Investment Could Be the Secret to Never Running Out of Retirement Income  Trending Now: 4 Safe Acco ...