The following will either scare you to death or thrill your soul, depending on how LONG you have to save up for your retirement. This is another in a series of posts encouraging you to START SAVING NOW.
You want to save a million dollars. How long will it take? How much should you save a month. What interest rate should you look for in your investments? Check out this simple chart:
|Monthly Amount||Interest Rate||Years||Amount|
This chart will teach you two VERY simple and VERY important things:
Start saving early! AND
Start saving early!