The Most Important Retirement Table You'll Ever See

One thing that many people worry about with retirement is outliving their savings, and it's not because they think they'll live well into their 100s -- it's because they don't think they'll have enough saved. One way to put yourself in a position to retire comfortably is by understanding the power of compounding. Once you realize just how powerful compounding is, you'll see that time is your best friend and can do a lot of the heavy lifting for you.

Don't believe it? Just check out the below table, which shows the hypothetical value of $1,000 monthly investments that return, on average, 10% annually until age 65.

Data source: author calculations.

Source Fool.com