
The younger you are when you start saving, the more you’ll have in the long run. The secret to saving a tidy sum every year is to save throughout the year. Opt for regular deposits, deducted straight from your account. You’ll see how just a few dollars a week or a month can grow into a substantial nest egg.
With the magic of compound return, here’s what saving just $10 per week* could earn:
Weekly deposit of $10
Time span |
Amount invested | Accumulated return |
Total |
After 10 years |
$5 200 |
$2 323,69 |
$7 523,69 |
After 20 years |
$10 400 |
$12 267,42 |
$22 667,42 |
After 30 years |
$15 600 |
$37 548,80 |
$53 148,80 |
Weekly deposit of $50
Time span |
Amount invested |
Accumulated return |
Total |
After 10 years |
$26 000 |
$11 618,47 |
$37 618,47 |
After 20 years |
$52 000 |
$61 337,12 |
$113 337,12 |
After 30 years |
$78 000 |
$187 743,99 |
$265 743,99 |
* Example assumes an investment with an annual compound return of 7%.
Did you know?
Compound return is the return (which includes interest, dividends and capital gains) that is added, at periodical intervals, to amounts invested. As a result your savings grow faster, because return is always calculated on the total balance, which grows steadily.