@profitequationhq: Waiting 10 Years Can Nearly Triple The Monthly Cost Of Retiring. Here Is What It Could Take To Reach $2.4M By Age 65: - Start at 25: $380 a month - Start at 30: $632 a month - Start at 35: $1,062 a month - Start at 40: $1,809 a month - Start at 45: $3,161 a month - Start at 50: $5,791 a month - Start at 55: $11,716 a month The goal stays the same. The time left to grow is what changes the monthly cost. Note: $2.4M is the same target as the $8,000 a month example from my last reel (the 4% rule on $96,000 a year). Social Security or pension income could lower the target. Follow @profitequationhq for more simple investing education. Free investing checklist in my bio. Want to learn how I invest? DM me "ECR". This content is for educational purposes only and is not financial advice. Past performance does not guarantee future results. All investing involves risk, including the possible loss of principal. Hypothetical example using a 10% annual return compounded monthly; not a guarantee. Taxes and inflation are not included. #retirementplanning #retirement #investingforbeginners #investor #investingtips

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