Is It Possible to 10X My Retirement Savings In 25 Years?

Are you at least thinking about funding your retirement? Congratulations! Most people don't even do that much. Plenty of people simply do what they can when they can, and then hope for the best. Many of them end up disappointed in their golden years.

A great starting point in making a retirement plan is just figuring out what's possible, and what's clearly out of reach. One possibility that's surprisingly within reach is multiplying a current wad of cash held in a retirement account by a factor of 10 in only 25 years. Here's how that's a relatively likely feat.

It's true. It is possible to 10X a seemingly small nest egg now in just 25 years... a little less than 25 years, in fact. The key is compounding.

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Source Fool.com