If early retirement is a goal of yours you had better start saving today unless you want the whole idea to be nothing but a joke.
Let’s say you can earn 6% on your investments and you plan to save $5,000 per year, what would you end up with after 20, 30 or 40 years? You could have $183,928, 395,291, or $774,810 respectively.
The longer you wait the less you’ll have at retirement or the more you’ll need to save each year for retirement. Neither being a great or feasible option.
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