This could explain why the insurance companies and their agents are so anxious to sell teachers their plans. The magic of compounding is graphically illustrated by the ever increasing slope in the later years compared to the little difference in the early years. And every year thereafter the increases are even greater. This explains how the rich get richer, but, even more important to understand, it shows that this is available to anybody who starts early and wants to retire with enough money to live comfortably. It's never to late to begin.
Teachers can do it so easily if they just begin and stick to a good plan.
A good plan for a teacher would be to invest a regular, set amount every month. If they would do that the results become even more dramatic. Now consider the results if money is invested on a regular, monthly schedule. It is also evident from this chart that the later years is when the greatest growth and profit occur. Even more astounding, one more year of compounding, the 41st, will add One Million Dollars to a teacher's net worth.