Assuming a 7% return, to have $1M by 65, you would need to save the following per year: Age 30 : $7,234 Age 35 : $10,586 Age 40 : $15,811 Age 45 : $24,393 Age 50 : $39,795 Age 55 : $72,378 The sooner you start the better! Especially with reduced interest rates, now is your time to take advantage of stock returns.
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