Investing $100 a week starting at age 25 can result in a nest egg topping $1.1 million by retirement, a new analysis found
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Turning a quarter-century old can feel like a big milestone, but it's significant for a financial reason, too. Young adults need to start regularly saving by age 25 to have a least $1 million to retire on, according to a new report by the Milken Institute.
The reason: the simple effect of compounding returns. The Milken Institute calculates that a weekly $100 investment in the stock market, earning a 7% annual rate of return, will over time compound into savings that top $1.1 million by age 65.
