Disclaimer: This is not a guarantee of investment returns, equity performance, or economic growth.  I am not an investment advisor.  Consult yours or ask me for a recommendation.

$3.1 Million.  That’s $3,100,000.

“What of it?”  you ask?  Well, that’s the amount of money you could have.  That’s what you could have, for yourself, one day.

What could you do with a cool $3.1 million?  You name it!  Just about anything you want, I’d imagine!  I could do a few things with a cool $3.1.

So how do you get there?  How did I come up with this number?

Well that’s probably the best news of all.  This number is the product of 35 years of saving for retirement on a median salary.  Nothing fancy, nothing secret, nothing extraordinary.  You don’t have to be a CEO/rock star/pro athlete/investing genius to get there.

Here it is explained: If you save 15% of an income of $50,000, and invest that amount every year into equity mutual funds for 35 years, you could end up with $3.1 million (actually $3,080,185) assuming an average annual return of 11%.

(Technical jargon: Average annual return of S&P 500 from 1923-2013 is over 12%.  The Compound Annual Growth Rate – the annualized return – is just under 10.5%.)

Dave Ramsey, Fidelity, and T. Rowe Price all recommend saving 15% of income for retirement.  $50,000 is about the median household income in America right now; nothing special.  15% of a household income of $50,000 is $7500, or $625 monthly.

Investing $625/month will change your life!

$625 each month is not shabby!  It takes dedication and commitment to investing, but that’s what success in any venture takes.  But with the average car payment nearing $500 and the average cable bill nearing $100, we’re getting close!

But time is ticking!  You can achieve extraordinary results, given enough time!  Start now!

What’s keeping you from investing?