ilmscore | Retirement Savings (Age 20 vs. Age 25) Predictions
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Starting retirement investments at age 20 with $100/month at 8% return yields $504,000 by age 65. Waiting until age 25 results in $337,000, a difference of $167,000 due to the impact of compounding over five extra years.
"if you invest a hundred dollars a month beginning at the age of 20 at an eight percent return by the..."
Feb 8, 2023
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