Bills, children's needs, and unexpected expenses add up to make it difficult to save for retirement. But sometimes it's the little things that count. Imagine what would happen if you put some of the money you spend going out to dinner, seeing movies, or buying on impulse toward saving for retirement. It might not seem like much at first, but these simple tradeoffs really add up over time, as the following chart demonstrates.
All numbers are in today's dollars.
Your own investment returns may be more or less than these examples, and income taxes and penalties may be due when you withdraw from your account. You may not be able to invest the contribution at the same rate as periodic savings because of investment minimum requirements. This table is not intended to imply the performance of any Fidelity product. Saving money from your budget One of the easiest ways to save this money is to take it out of your hands in the first place. Take advantage of automatic account builder programs that automatically withdraw funds from your paycheck or bank account and invest them automatically.