i've been playing with online retirement calculators and, of course there is a lot that is left to chance, but given how i'm saving it'll be $2-3m by the time i'm 65. i didn't start til i was 22 and actually would contribute more if i didn't have to pay my student loans. point being because of interest the earlier you start the better but 21-22 or however old you are after college is still early and should leave you with plenty to retire with
an interesting chart but it doesn't give ROR. there's another similar one in "the automatic millionaire"
Who Wants to Be A Millionaire?
The key to becoming a millionaire by age 65 is to start saving early!!!
Age Amt set aside per year Years to save Amount at 65
15 $2000 7 $1,020,430
15 $2,000 50 $2,327,934
25 $2,259 40 $1,000,000
35 $6,079 30 $1,000,000
45 $17,459 20 $1,000,000
55 $62,745 10 $1,000,000
an interesting chart but it doesn't give ROR. there's another similar one in "the automatic millionaire"
Who Wants to Be A Millionaire?
The key to becoming a millionaire by age 65 is to start saving early!!!
Age Amt set aside per year Years to save Amount at 65
15 $2000 7 $1,020,430
15 $2,000 50 $2,327,934
25 $2,259 40 $1,000,000
35 $6,079 30 $1,000,000
45 $17,459 20 $1,000,000
55 $62,745 10 $1,000,000