The power of compounding

When’s the best time to start saving for retirement? Right now.

By keeping your money invested for the long term—and reinvesting interest, dividends, and capital gains you may earn along the way—you can harness the power of compounding.

But even if you’ve put off investing for retirement, it’s not too late to begin. Every day that you’re saving and investing is a day your money is at work for you.

Not convinced? Try this tool to review some examples of just how powerful compounding can be.

Whenever you invest, there’s a chance you could lose the money.