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Starting to save at 40 gives you 25 years until retirement. Contributing $500 monthly at 7% annual returns grows to roughly $405,000; $1,500 monthly reaches about $1.2 million. Discipline matters more than starting early.
Starting to save at 40 gives you 25 years until retirement. Contributing $500 monthly at 7% annual returns grows to roughly $405,000; $1,500 monthly reaches about $1.2 million. Discipline matters more than starting early.
starting at 40, can still leave a 25-year investing runway if retirement is at 65. A common benchmark: households ages 35 to 44 with retirement accounts had a $45,000 median balance. Over 25 years, investing $500 monthly at 7% reaches about $405,000, while $1,500 monthly reaches about $1.2 million.
