Why You May Need to Save Less Than You Think for Retirement
The Money with Katie Show
00:00
Introduction
As long as you are happy to generate income for the majority of your life, you are almost definitely going to be ok. You may not find yourself soaring into the sunset with bill gates and matching private planes, but most people are going to be mostly ok. The compounding magic starts to take off around year 35. That assumes a real rate of return of seven per cent. If you're willing to generate enough income that's not necessarily enough to save more or add any more, you will double your money again in that last decade without adding another dime.
Transcript
Play full episode
