Investing $50 a month could add up nicely for your retirement (2024)

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This ETF is different from traditional ETFs.Traditional ETFs tell the public what assets they hold each day. This ETF will not. This maycreate additional risksfor your investment. For example:

- You may have to pay more money to trade the ETF’s shares. This ETF will provide less information to traders, who tend to charge more for trades when they have less information.

- The price you pay to buy ETF shares on an exchange may not match the value of the ETF’s portfolio. The same is true when you sell shares. These price differences may be greater for this ETF compared to other ETFs because it provides less information to traders.

- These additional risks may be even greater in bad or uncertain market conditions.

- The ETF will publish on its website each day a “Proxy Portfolio” designed to help trading in shares of the ETF. While the Proxy Portfolio includes some of the ETF’s holdings, it is not the ETF’s actual portfolio.

The differences between this ETF and other ETFs may also have advantages. By keeping certain information about the ETF secret, this ETF may face less risk that other traders can predict or copy its investment strategy. This may improve the ETF’s performance. If other traders are able to copy or predict the ETF’s investment strategy, however, this may hurt the ETF’s performance. For additional information regarding the unique attributes and risks of the ETF, see the Principal Risks section of the prospectus.

1 New accounts with a minimum investment amount of $50 are offered through the Thrivent Mutual Funds "automatic purchase plan." Otherwise, the minimum initial investment requirement is $2,000 for non-retirement accounts and $1,000 for IRA or tax-deferred accounts, minimum subsequent investment requirement is $50 for all account types. Account minimums for other options vary.

Thrivent ETFs may be purchased through your financial professional or brokerage platforms.

Contact your financial professional or brokerage firm to understand minimum investment amounts when purchasing a Thrivent ETF.

Investing $50 a month could add up nicely for your retirement (2024)

FAQs

Investing $50 a month could add up nicely for your retirement? ›

More specifically, contributing $50 a month through an automatic investment account with an average annual return of 5% could add more than $20,000 to your investment account over the next 20 years, more than $40,000 over the next 30 years and more than $70,000 over the next 40 years.

Is investing $50 a month worth it? ›

Investing only $50 a month adds up

Contributing $50 a month to an investment account can help create impressive savings, even at a moderate 5% annual growth. It's a common myth that you need a few thousand dollars to begin investing.

How much is $50 a month in 401k? ›

That's certainly a nice amount of money. In fact, a recent study by Northwestern Mutual found that the average American has $89,300 saved for retirement. In our example, investing $50 a month over 40 years leaves you with about three times that amount.

How much should you invest each month for retirement? ›

You should consider saving 10 - 15% of your income for retirement. Sound daunting? Don't worry: your employer match, if you have one, counts. If you save 5% of your income and your boss matches another 5%, you've accomplished a 10% savings rate.

What should I invest $50 in? ›

  • Invest in a high-yield savings account. The quickest way to put that money to work? Toss it into a high-yield savings account. ...
  • Invest in the stock market. Invest in your financial health. ...
  • Buy a $50 cure. I work from home. ...
  • Invest in compounding returns. Some of the best investments are those that keep on giving for years.
May 19, 2023

How much will I have if I invest $50 a month? ›

Investing $50 a month over 35 years, with the returns varying around the baseline average of 10% by ±3%, results in the following future values: At a 7% annual return rate (monthly compounded), the future value is approximately $90,052.73. At the baseline rate of 10%, the future value is approximately $189,831.90.

Is $50 enough to invest in stocks? ›

If you want to invest but don't believe you have enough money to get started, we have good news. You can begin with as little as $1. In fact, if you're nervous about the prospect, starting slow (say, with $50) may be the way to go. It gives you time to learn the ropes and develop your own investment strategies.

Can I retire at 62 with $400,000 in 401k? ›

You can retire a little early on $400,000, but it won't be easy. If you have the option of working and saving for a few more years, it will give you a significantly more comfortable retirement.

Can I retire at 62 with 300k in my 401k? ›

If you earned around $50,000 per year before retirement, the odds are good that a $300,000 retirement account and Social Security benefits will allow you to continue enjoying your same lifestyle. By age 55 the median American household has about $120,000 saved for retirement, and about $212,500 in net worth.

How much do I need in my 401k to get $1000 a month? ›

One example is the $1,000/month rule. Created by Wes Moss, a Certified Financial Planner, this strategy helps individuals visualize how much savings they should have in retirement. According to Moss, you should plan to have $240,000 saved for every $1,000 of disposable income in retirement.

Is $100 a month enough for retirement? ›

Your Retirement Savings If You Save $100 a Month in a 401(k)

If you're age 25 and have 40 years to save until retirement, depositing $100 a month into a savings account earning the current average U.S. interest rate of 0.42% APY would get you to just $52,367 in retirement savings — not great.

How much in retirement by 50? ›

By age 35, aim to save one to one-and-a-half times your current salary for retirement. By age 50, that goal is three-and-a-half to six times your salary.

What will I get from Social Security at age 65? ›

If you start collecting your benefits at age 65 you could receive approximately $33,773 per year or $2,814 per month. This is 44.7% of your final year's income of $75,629. This is only an estimate. Actual benefits depend on work history and the complete compensation rules used by Social Security.

How much will I make if I invest $100 a month? ›

Investing $100 per month, with an average return rate of 10%, will yield $200,000 after 30 years. Due to compound interest, your investment will yield $535,000 after 40 years. These numbers can grow exponentially with an extra $100. If you make a monthly investment of $200, your 30-year yield will be close to $400,000.

Is investing $100 a month in stocks good? ›

Key Takeaways

Investing just $100 a month over a period of years can be a lucrative strategy to grow your wealth over time.

Is investing $25 a month worth it? ›

No, $25 a month isn't going to provide you with what you need to retire comfortably. But it does get you in the habit, and it can provide you with a foundation for your portfolio. Once you begin earning more money, you can boost your monthly investment and build wealth a little faster.

What if I invest $50 a week for 30 years? ›

Chart by author. Assuming a 15% annual growth rate (on average), a $50 per-week investment could grow to a value of more than $1.5 million after 30 years.

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