Below is the monthly saving needed to have sufficient funds to last from 65 to 90 years old.
Conclusion- The earlier you start the easier and cheaper.
Younger people monthly saving amount is lesser.
- The earlier you start the more you gain.
Younger people's total withdrawal amount is more because the longer the saving period the more time your money can grow.
Even for 65 yo & beyond, the retirement funds can last much longer. You can start at any age.
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