
Yeah, yeah, we know, $1 million isn't what it used to be. But heck, I think I could still live comfortably from that. Shoot, if you pulled $50,000 from that every year (not taking into account interest, yada, yada) that money would last 20 years. Not too shabby. Anyway, this article from
USA Today says the earlier you start saving, the better. For example, if you're 10 years from retirement, you'll need to save $3,500 per month. However, if you're 40 years away, you only need to save $400 per month. You can see that saving early offers substantial benefit and your money goes farther.
I know, this isn't earth shattering news. The article mentions that many people know they should save, they just don't. Furthermore, the article gives advice on investment, taxes and expenses, and more to get you to that realistic retirement threshold of $1 million.
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