Retirement Planning

Explore the basics of planning and investing for your retirement, then dig deeper with educational resources on topics like choosing a retirement account, Social Security, the rules about making withdrawals, and more.

Focus on tomorrow, act today

For savers and investors, there's one foundation for building wealth you may find useful: compound interest. Compounding applies not only to interest but also to investment gains. The earlier you invest, the greater the potential impact compounding can have on your total gains. Check out the power of compounding with the tool below, which assumes you'll invest $6,000 annually up to age 49, then $7,000 annually starting at age 50.

I'm 35 years old and I plan to retire at age 65

Current Age
Retirement Age
Rate of Return

Total value at retirement is $488,290*

Select an annual rate of return. This rate will be used to estimate the future balance of an IRA. Actual rates of return cannot be predicted and will vary over time.
*Value based on $6,000 annual contribution to age 49, and $7,000 annually thereafter.2

You can see why it's so important to contribute early and often to a tax-friendly 401(k) or Individual Retirement Account (IRA), or both. An IRA is a tax-advantaged retirement account that you open and manage yourself. A 401(k) is offered through an employer.


Now that you understand the power of compound interest, let's take a look at ways you could choose to apply it.

How do I get going with a retirement investing plan?

All you need is a retirement account such as an IRA or 401(k), the ability to save, and an investing strategy.

Looking for a good place to start?

We have tools that can help you put the pieces together and create a plan tailored to you.

Plan for retirement
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We’ve talked about how to save for retirement, so now let’s look at taking money out when you need it, next up...

Start investing today

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