Rule 72 says you double your money in time T if you know your yearly retun R(%). i.e
72/R =T where R =Yearly Return % T =Time in Years.
Assuming ASB return is R=8% then T=72/8=9 years,Your money that you save will double in 9 years.
Assuming you start saving 30K (Take a bank loan at affordable repayment) at age 25 it means you will arrive at :
Age 25(30K)....Age 34(60K)...... Age 43(120K)...Age 51(240K).....
Age 60 (480K)..and so on..
Imagine,if you start big say 100k by self discipline you can achieve FINANCIAL FREEDOM early.
Read Azizi Ali,Read Puan Rohani books and as well start with "Rich Dad ,poor Dad"-Robert Kiyosaki and many other books on Financial Freedom in the book stores.
As for me at this age,the stage now is on MANAGING WEALTH and enjoy the money with minimal debt.You will have to start early though to realise this power of compounding by SAVINGS with lots of self discipline..
PNB ASB savings will give you the compound effect.BTW,Bank Rakyat give an average 20% returns yearly if you can secure the shares.