How Much You'll Save for Retirement If You Invest Just $50 a Month 22:04 0 comments

The biggest obstacle to saving for retirement—probably the most important financial project we all have to undertake (unless you plan on working forever)—is the lack of money after everyday expenses. Money Under 30 shows, however, how investing as little as 50 bucks a month really adds up.

You won't be able to live off your entire retirement with $68,000, but it's still $50,000 more than just socking $50 away every month without investing it. The reason, Money Under 30 explains, is the awesome power of compound interest as well as dollar cost averaging.

You should probably save more than $50 a month, but even just a little will get you started, and if you have time on your side, that'll add up to a lot.