Retirement Riddles: Start Early, End at Age 30? – Wall Street Journal – 04/09/14

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Retirement Riddles: Start Early, End at Age 30?

What if you started saving at age 21 and stopped at 30? A new study makes the case for starting early and ending early. MarketWatch’s Matthew Heimer explains how it works on the News Hub.

Retirement Riddles

What Gets You a Bigger Nest Egg?

Saving $4,000 per year for 10 years

OR

Saving $4,000 per year for 40 years

Retirement Riddles

What Gets You a Bigger Nest Egg?

Saving from age 21 to 30, earning 7% interest a year: $926,108

Saving from age 31 to age 70, earning 7% interest a year: $892,280

Source: CLSA study, MarketWatch reporting

 

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