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# Investing Tips for Millennials - Save and Invest Regularly

People in their twenties and thirties have the unique advantage of having many years to let their investments grow from modest amounts to very substantial amounts. For example, a \$1,000 investment, say a dividend-paying stock, that increases an average of six percent each year will grow to \$10,285.72 in forty years. Hold the stock for fifty years and it would be worth \$18,420.15. See the Future Value Calculator to compute future values for different investment amounts.

The key to accumulating money is to make saving and investing a way of life.

Future Value of Monthly Investments

The following table shows how monthly investments made for many years add up to big money. Each cell represents the dollars accumulated for a given monthly investment and a given accumulation period. The rate of return is six percent and the accumulation periods are 20, 30 and 40 years.

For example, if you invest \$200 each month at six percent for 20 years, you'll have \$92,408. If you invest \$200 each month at six percent for 30 years, you'll have \$200,903.

 Future Value of Monthly Investments Rate of Return is 6% Monthly Investment Accumulation Period (Years) 20 30 40 \$50 \$23,102 \$50,226 \$99,575 \$100 \$46,204 \$100,452 \$199,149 \$200 \$92,408 \$200,903 \$398,298 \$300 \$138,612 \$301,355 \$597,447 \$400 \$184,816 \$401,806 \$796,596 \$500 \$231,020 \$502,258 \$995,745 \$1,000 \$462,041 \$1,004,515 \$1,991,490 \$2,000 \$924,082 \$2,009,030 \$3,982,981

Use the Recurring Investment Calculator to determine how much money you would accumulate by investing a given amount of money at a fixed annual rate of return at recurring intervals (annual, monthly or weekly) for a specified period in years.

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