2. Save One Million by Age 65... HOW??

3. $2.30 a day at 10% compounded monthly or $78.01 per month. This is close to the cost of a large coffee, or soda and chips, or two candy bars. If you are 18, how much do you think you have to save per day to become a millionaire at 65?

4. But if you wait? You need to invest: At 25$258.13 per month At 35 $442.38 per month At 45 $1,316.88 per month

5. Who will have more money when they retire? b) Those who save $75 a month from age 28 until they are age 65? a) Those who save $75 per month from age 18 to age 28 and then make no additional payments or...

6. The person who saves $75 per month from age 18 to 28 at 8% will have $236,626.41, of which $9,000 is contributions and $227,626.41 is return on investment.

7. The person who starts at age 28 and saves $75 per month until age 65 at 8% will have $203,730.02, of which $33,300 is contributions and $170,430.02 is return on investment. Handout #10