thefinancediaries
The Finance Diaries
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If you invest $500/month from ages 40-65, you wont have enough money to comfortably retire. Youd have a bit less than $500,000. How gross is that?
But if you started at 20, and invested 200$/month, youd be on track to have $1,000,000+ at retirement (assuming average returns of 8% annually)
The issue is that your money has less time to grow in the market than if you had begun investing in your 20s or 30s
#personalfinance #moneytok #retirement
But if you started at 20, and invested 200$/month, youd be on track to have $1,000,000+ at retirement (assuming average returns of 8% annually)
The issue is that your money has less time to grow in the market than if you had begun investing in your 20s or 30s
#personalfinance #moneytok #retirement
