SoFi’s Post

Even with a good job and benefits, saving for retirement can feel overwhelming. But there’s a steady secret to retiring a millionaire: Time and consistency are your greatest assets. Here’s how it works: When you make a $7K annual contribution to an IRA that returns 7% year over year, by year 40 your portfolio could be worth more than $1M^1. This is the power of compound growth. Learn more about our 1% IRA match^2 and use our retirement calculator to see if you're on track to reach your retirement goals: SoFi.com/invest/ira-match.