growing savings

Great job! Your commitment to your financial goals is paying off. Let's see what else you can do.

By starting a habit of saving, you're on the right track. A retirement plan can help you keep your long-term financial goals in sight.

It's not too late to save for your long-term financial goals. Let's see how you can step up your pace.

You've got time to build up your savings for a better retirement. Let's see how you can step up your pace.

Great job! Your commitment to your financial goals is paying off. Let's see what else you can do.

Things To Think About

Individual Retirement Accounts (IRAs) can help you save more money for retirement. But first, consider taking advantage of your employer's 401(k) match, or TSP match if under the Blended Retirement System, if available.

If you have competing financial demands like saving for college, the expense of a new teen driver or other costly life events, reviewing your life insurance and other protection is important to help you keep your assets and your family's financial future secure.

Completing a retirement plan and reviewing it annually can help you see how much you need to save to meet your long-term goals.

Things To Think About

Completing a retirement plan and reviewing it annually can help you see how much you need to save to meet your long-term goals.

Things to Think About

It's important to continue saving as much as you can. Consider taking advantage of an employer-matching 401(k), if one is available to you. Owning a traditional or Roth Individual Retirement Account (IRA) may give you certain tax advantages.

Having an emergency fund could help you cover three to six months of expenses if you lost your job or had an unexpected major expense.

Completing a retirement plan and reviewing it annually can help you see how much you need to save to meet your long-term goals.

Things to Think About

It looks like you've got some catching up to do. Take it one step at time, establishing or reviewing your budget and making needed adjustments on nonessential expenses can help you save more in a shorter time.

Consider taking advantage of an employer-matching 401(k), or TSP match if under the Blended Retirement System, if one is available to you, then a traditional or Roth Individual Retirement Account (IRA). You may also be able to benefit from the "catch-up" provision of these qualified accounts subject to contribution limits. See disclosure at the bottom of this page.

Completing a retirement plan and reviewing it annually can help you see how much you need to save to meet your long-term goals.

Things to Think About

The savings you've put aside are a good foundation. Consider taking advantage of an employer-matching 401(k), or TSP match if under the Blended Retirement System, if one is available to you, then a traditional or Roth Individual Retirement Account (IRA). You may also be able to benefit from the "catch-up" provision of these qualified accounts subject to contribution limits. See disclosure at the bottom of this page.

Having a budget to manage nonessential expenses can help you save more in a shorter time.

There are resources that can help you manage your investments on your own. If you don't have the time, expertise and desire to do this, consider a managed portfolio. Completing a retirement plan can help you monitor your progress.

Things to Think About

Having a budget to manage nonessential expenses can help you save more in a shorter time.

There are resources that can help you manage your investments on your own. If you don't have the time, expertise and desire to do this, consider a managed portfolio. A retirement plan can help you monitor your progress.

Let Us Help You Create a Plan

While it's good that you've started saving early, a plan can help you keep your long-term financial goals in sight.

By starting a habit of saving, you're on the right track. A retirement plan can help you keep your long-term financial goals in sight.

If you're serious about increasing your savings, a plan can help you keep your long-term financial goals in sight.

Decisions you make today can have a positive effect on the lifestyle you want in retirement. A plan can help you keep your long-term financial goals in sight.

Start a Plan

Investing is a Marathon, Not a Sprint

Keep Pace With Inflation

Loss of purchasing power, or inflation, is an obstacle to saving over the long-term. As an example, you may need about $4 to buy a gallon of milk today but in 20 years you may need substantially more for the same gallon. Investing is one strategy that may help keep pace with the rate of inflation. The goal is to earn a rate of return on your investments that exceeds the rate of inflation, which averages about 3% per year, and help preserve your money's buying power. (Source: United States Bureau of Labor and Statistics)

Your Objectives, Timeline and Risk Tolerance

Before defining your investment strategy, consider your objective for the money. Are you saving to retire in 20 or 30 years? Generally, the shorter your time frame the less risk you want to take.

Historic Performance

Long-term performance of the stock market is also a factor to consider. Although not guaranteed, stocks have provided greater returns than other forms of savings over the long term. However, that potential for greater returns comes with greater risk of market fluctuations and potential for loss.

S&P 500 Historical Prices (1980 — 2017). Source: Standard & Poor's Financial Services LLC.

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Standard & Poor's 500 Index and S&P are registered trademarks. The S&P 500 Index is an unmanaged index of 500 stocks. The S&P 500 focuses on the large cap segment of the market, covering 75% of the U.S. equities market. S&P 500 is a trademark of the McGraw-Hill Companies, Inc.

The S&P 500 Index is a well-known stock market index that includes common stocks of 500 companies from several industrial sectors representing a significant portion of the market value of all stocks publicly traded in the United States. Most of these stocks are listed on the New York Stock Exchange.

Indexes are unmanaged and cannot be invested in directly. Returns represent past performance, are not a guarantee of future performance, and are not indicative of any specific investment.Investing involves risk, including potential loss of principal.

Savings Calculator

Need help deciding your long-term savings goal? Use this tool to find out how much money you may need to have saved before you retire.

Save $ each month for years.

Total: $0.00

$8,000 Saved + $2,000 Earned

These numbers are based on a hypothetical scenario assuming a 6% annual return rate and monthly compound frequency.

Let's keep going and start a plan.

Automatic Investing

Setting up automatic funds transfers to your investment accounts gets you in the habit of saving consistently for your long-term financial goals.

Get Started With Automatic Investing

How We Can Help

USAA offers banking, investment and insurance products designed to help you achieve and protect financial security.

IRAs

Individual Retirement Accounts can hold many types of investments and are one of the ways to save for retirement with tax advantages.

Learn More About IRAs

Life Insurance

You can help protect your loved ones by giving them a financial safety net that can help replace your income, pay off debt and more when they need it most.

Learn More About Life Insurance

Savings Account

Regular deposits of even small amounts to a savings account can get you into the habit of putting money aside to meet your financial goals.

Learn More About Savings Accounts

IRAs

Individual Retirement Accounts can hold many types of investments and are one of the ways to save for retirement with tax advantages.

Learn More About IRAs

IRAs

Individual Retirement Accounts can hold many types of investments and are one of the ways to save for retirement with tax advantages.

Learn More About IRAs

Managed Portfolios

We provide managed portfolios that can help reflect your risk tolerance and your desire for portfolio diversification.

Learn More About Managed Portfolios

Why Choose USAA

We help take a holistic approach to savings and retirement that considers your financial picture. Our reputation for excellence arises from our military values of service, loyalty, honesty and integrity. It's a commitment we share with those we serve.

Don't Just Take Our Word For It

A++

Superior

AA+

Very Strong

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Military Transitions

Let us help you simplify your move from the military to civilian life.

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Rollovers and Transfers

Having your retirement accounts in one place may help you better manage your money.

Learn More

Contact USAA

For help or personalized advice, call us at 800-771-9960 to speak to an advisor.

Investments/Insurance: Not FDIC Insured • Not Bank Issued, Guaranteed or Underwritten • May Lose Value

Investing involves risk, including potential loss of principal.

Bank products provided by USAA Federal Savings Bank, Member FDIC.

An individual's catch-up contribution for a year may not exceed the difference between the individual's compensation for the year and the total amount of other elective deferral contributions made by the individual for the year.

USAA Managed Portfolios — U M P® is a managed account program offered by USAA Investment Management Company (IMCO), a registered investment adviser. Brokerage services are provided by IMCO, a registered broker-dealer, Member FINRA, SIPC and brokerage accounts are carried by National Financial Services, LLC, Member NYSE, SIPC. The U M P Brochure, which describes the Program, investment options, risks and fees, and the Brochure Supplement, which identifies supervised personnel responsible for advice, are available by calling 800-531-1345.

An investor in a managed portfolio will indirectly bear fees and expenses charged by the underlying funds in addition to direct fees and expenses charged by the portfolio as applicable.

Automatic investment plans don't assure a profit or protect against loss in declining markets.

USAA means United Services Automobile Association and its affiliates. Financial advice provided by USAA Financial Advisors, Inc. (FAI), a registered broker dealer, USAA Investment Management Company (IMCO), a registered broker dealer and investment advisor, and for insurance, USAA Financial Planning Services Insurance Agency, Inc. (known as USAA Financial Insurance Agency in California, License # OE36312). Investment products and services offered by IMCO and FAI. Life insurance and annuities provided by USAA Life Insurance Co., San Antonio, TX, and in NY by USAA Life Insurance Co. of New York, Highland Falls, NY. Other life and health insurance from select companies offered through USAA Life General Agency, Inc. (known in CA (license #0782231) and in NY as USAA Health and Life Insurance Agency). Banking products offered by USAA Federal Savings Bank and USAA Savings Bank, both FDIC insured. Trust services provided by USAA Federal Savings Bank.

Beginning Jan. 1, 2015, you may do only one IRA rollover during any 12-month period regardless of how many IRAs you own.

Prior to requesting an IRA rollover from a qualified retirement plan account, consider whether such rollover is appropriate for you. Although IRA rollovers may have certain advantages, qualified retirement plan accounts have advantages you should consider before proceeding which may include, but are not limited to, low administrative and investment expenses and, if you separate from service at age 55 or older, you have penalty-free access to your qualified retirement plan account funds. Additionally, you may want to consider maintaining at least a minimal qualified retirement plan account balance because, in the event you want to transfer or rollover qualified assets to your qualified retirement plan account in the future, to the extent it is allowed by your plan, your plan may require you to have an open account with a balance when your request is received by that plan. You should consult your tax advisor regarding your specific situation to determine whether a qualified retirement plan account rollover to an IRA would be suitable for you.

Prior to requesting an IRA rollover from a Thrift Savings Plan (TSP) account, which is a retirement plan for military or civilian employees of the U.S. government, consider whether such rollover is appropriate for you. Although IRA rollovers may have certain advantages, TSP accounts have advantages you should consider before proceeding which include, but are not limited to, low administrative and investment expenses and, if you separate from government service at age 55 or older, you have penalty-free access to your TSP account funds. Additionally, you may want to consider maintaining at least a minimal TSP account balance because, in the event you want to transfer or rollover qualified assets to your TSP account in the future, you must have an open TSP account with a balance when your request is received by the TSP. You should consult your tax advisor regarding your specific situation to determine whether a TSP rollover to an IRA would be suitable for you.

Withdrawals from an IRA made prior to age 59½ may be subject to a 10% penalty tax.

If you receive a check made payable to you, your former employer is generally required to withhold 20% of the total amount. When you deposit the check into your IRA, you must make up that percentage from your own resources if you wish to avoid being taxed on the withheld amount. At tax time, you can apply to get the withheld 20% back, but it could be a long way off. A better approach is usually to roll the money over directly without ever receiving it.

Traditional IRA distributions may be taxed as ordinary income. Qualified Roth IRA distributions generally are distributions made after the Roth IRA account has been open for at least five years and the owner has reached age 59½, died, became disabled, or is using the distributions for first-time home buyer expenses as defined by the Internal Revenue Code.

Other options are available besides rolling over your employer-sponsored retirement plan, and an employer-sponsored retirement plan can offer advantages investors can't get if they roll the money into an IRA.

USAA does not provide legal, accounting or tax advice. To find out how your decisions may affect your tax obligations, we encourage you to consult your own tax or legal advisor.

A.M. Best: A++, Superior (Highest of 16 possible ratings); Moody's Investors Service: Aa1, Excellent (Second highest of 21 possible ratings); Standard & Poor's: AA+, Very Strong (Second highest of 21 possible ratings).

Company ratings represent an opinion of financial strength and the company's ability to meet ongoing obligations to policyholders.

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