Investing $10 a day ($3,650 in year 1, $57,000 by year 10) into a Roth IRA for only 10 years, and then making no further contributions, will lead to the portfolio growing to $249,000 by year 20, $385,000 by year 30, and $1 million by year 40, due to compounding interest (assuming approx. 10% annual returns).
"what happens if you invest $10 a day right just $10 a day for only 10 years of course within year one you're just going to have around $3,650... by year 10 you're going to have around $57,000 because of the compounding now if you decide okay Steve I don't want to invest anymore after year 10 did you know that your accounts will still automatically grow it'll be on autopilot right because of the compounding interest that you have your money within these assets that are still going to grow into these companies that are going to grow over time so by year 20 that's going to be around $249,000 by year 30 $385,000 and by year $40 $1 million just by you not investing a single more Penny into your account after year 10"
