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Investing
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24 June 2011
The best savings vehicle is a Unit Trust Based Education Fund (UTBEF), says Hubert Feris, a Financia...
19 June 2011
A proposed system of tax credits for medical scheme contributions could make scheme membership more ...
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| Welcome
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 Home  Investing Why you should start early
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 Why you should start early
 ook at the following example: Investor A started to save R1 000 per year from age 19. He stopped at age 27, but left his investment to grow. Investor B began saving 10 years after Investor A has started. He continues to invest his R1 000 per year until age 65 and yet he never manages to accumulate as much money as Investor A.
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19 |
R 1,000.00 |
R 1,080.00 |
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20 |
R 1,000.00 |
R 2,246.40 |
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21 |
R 1,000.00 |
R
3,506.11 |
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22 |
R 1,000.00 |
R 4,866.60 |
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23 |
R 1,000.00 |
R
6,335.93 |
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24 |
R 1,000.00 |
R 7,922.80 |
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25 |
R 1,000.00 |
R
9,636.63 |
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26 |
R 1,000.00 |
R
11,487.56 |
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27 |
R 1,000.00 |
R
13,486.56 |
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28 |
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R
14,565.49 |
R 1,000.00 |
R 1,080.00 |
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29 |
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R
15,730.73 |
R 1,000.00 |
R 2,246.40 |
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30 |
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R
16,989.18 |
R 1,000.00 |
R
3,506.11 |
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31 |
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R
18,348.32 |
R 1,000.00 |
R 4,866.60 |
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32 |
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R
19,816.18 |
R 1,000.00 |
R
6,335.93 |
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33 |
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R
21,401.48 |
R 1,000.00 |
R 7,922.80 |
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34 |
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R
23,113.60 |
R 1,000.00 |
R
9,636.63 |
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35 |
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R
24,962.69 |
R 1,000.00 |
R
11,487.56 |
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36 |
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R
26,959.70 |
R 1,000.00 |
R
13,486.56 |
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37 |
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R
29,116.48 |
R 1,000.00 |
R
15,645.49 |
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38 |
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R
31,445.79 |
R 1,000.00 |
R
17,977.13 |
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39 |
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R
33,961.46 |
R 1,000.00 |
R
20,495.30 |
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40 |
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R
36,678.38 |
R 1,000.00 |
R
23,214.92 |
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41 |
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R
39,612.65 |
R 1,000.00 |
R
26,152.11 |
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42 |
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R
42,781.66 |
R 1,000.00 |
R
29,324.28 |
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43 |
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R
46,204.19 |
R 1,000.00 |
R
32,750.23 |
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44 |
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R
49,900.52 |
R 1,000.00 |
R
36,450.24 |
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45 |
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R
53,892.57 |
R 1,000.00 |
R
40,446.26 |
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46 |
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R
58,203.97 |
R 1,000.00 |
R
44,761.96 |
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47 |
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R
62,860.29 |
R 1,000.00 |
R
49,422.92 |
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48 |
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R
67,889.11 |
R 1,000.00 |
R
54,456.76 |
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49 |
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R
73,320.24 |
R 1,000.00 |
R
59,893.30 |
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50 |
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R
79,185.86 |
R 1,000.00 |
R
65,764.76 |
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51 |
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R
85,520.73 |
R 1,000.00 |
R
72,105.94 |
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52 |
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R
92,362.39 |
R 1,000.00 |
R
78,954.42 |
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53 |
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R
99,751.38 |
R 1,000.00 |
R
86,350.77 |
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54 |
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R
107,731.49 |
R 1,000.00 |
R
94,338.83 |
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55 |
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R
116,350.01 |
R 1,000.00 |
R
102,965.94 |
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56 |
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R
125,658.01 |
R 1,000.00 |
R
112,283.21 |
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57 |
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R
135,710.65 |
R 1,000.00 |
R
122,345.87 |
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58 |
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R
146,567.50 |
R 1,000.00 |
R
133,213.54 |
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59 |
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R
158,292.90 |
R 1,000.00 |
R
144,950.62 |
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60 |
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R
170,956.34 |
R 1,000.00 |
R
157,626.67 |
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61 |
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R
184,632.84 |
R 1,000.00 |
R
171,316.80 |
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62 |
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R
199,403.47 |
R 1,000.00 |
R
186,102.15 |
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63 |
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R
215,355.75 |
R 1,000.00 |
R
202,070.32 |
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64 |
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R
232,584.21 |
R 1,000.00 |
R
219,315.95 |
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65 |
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R
251,190.94 |
R 1,000.00 |
R
237,941.22 |
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2002-2005
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