How Much Retirement Savings You Should Have by Age
Money Girl
00:00
How to Plan for Retirement
The sooner you begin saving, the more compounding interest works in your favor to grow your balance. The average pre-retirement investment return determines how quickly your investments can grow. For example, investing $200 a month for 40 years at a 3% return would grow to just $185,000. But if you got an 8% return, you'd have $700,000.
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