Pay Yourself First
Paying yourself first is one of the bestways to build your retirement fund.
|
75,000
|
|
10.00%
Input Error: Pay yourself percent 1
The maximum value you can enter is 50%. |
| Annual Amount |
|
| Monthly Amount |
625.00
|
|
5.00%
Input Error: Pay yourself percent 2
The maximum value you can enter is 50%. |
| Annual Amount |
|
| Monthly Amount |
312.50
|
|
25
Input Error: Years
The maximum value you can enter is 50. |
|
6.00%
Input Error: Rate of return
Enter a value between and %. |
Investment Value in 18 Years
Difference
Assumptions
The amount you pay yourself is invested monthly at the beginning of each month in a tax-deferred investment account. The rate of return is compounded monthly.
Disclaimer
The amount you pay yourself is invested monthly at the beginning of each month in a tax-deferred investment account. The rate of return is compounded monthly.
Disclaimer
Pay Yourself First
Paying yourself first is one of the best ways to build your retirement fund.
| Annual salary: | $75,000 |
| Pay yourself percent 1: | |
| Annual amount: | $2,000 |
| Monthly amount: | $2,000 |
| Pay yourself percent 2: | |
| Annual amount: | $2,000 |
| Monthly amount: | $2,000 |
| Years: | 25 |
| Rate of return: | 6.00% |
Assumptions
The amount you pay yourself is invested monthly at the beginning of each month in a tax-deferred investment account. The rate of return is compounded monthly.
Disclaimer
