“Einstein was right about ‘The Time Value of Money.’” Here’s a general rule of thumb. You can accumulate more when your money has longer to compound and grow. Plus, long-term savers have the opportunity to ride out the ups and downs of the market. So, best get started saving sooner rather than later. Here’s what I’m talking about:

Growth Potential of $250 (Saved monthly at 8% Interest)

Source: Interest.com compounding monthly contributions calculator

The example is for hypothetical purposes only and is not intended to represent the returns of any specific investment. It does not reflect the deduction of income taxes, which would be due when the money is withdrawn. Dollar-cost averaging, a systematic investment plan, does not ensure a profit or guarantee against loss. Investors should consider their financial ability to continue their purchases through periods of low price levels.

Allow us to do the math for you. To see how much you may need to set aside, access our retirement planning calculator.

“Get a leg up on saving.” Saving for retirement is faster and easier when you take advantage of your employer-sponsored plan. Let me show you what I mean.