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