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YOUR RETIREMENT

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PLAN, SAVE & MAKE YOUR MONEY LAST

Home > Your Retirement > Magazine

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YOUR RETIREMENT
How to Make a Million at 35
Seven-figure savings strategies for thirty-somethings.

You've Saved: 0$

To reach one million by age 65 you need to save $671 per month.


If You've Saved: $50,000

To reach one million by age 65 you need to save $304 per month.



Successful Savings Strategies

You may be starting a family or preparing to buy a home. Balance you short-term needs with long-term savings goals.

Although you have added responsibilities, don't neglect retirement.

Aim to save 15% of your gross income (including an employer match in your 401(k). If one parent leaves work to care for the kids, consider opening a spousal IRA.

Shift your assets to 90% stocks and 10% bonds.

Invest in a 529 college-savings plan. Many states offer a tax deduction for your contribution, and qualified distributions are exempt from federal taxes.


SEE ALSO:

HOW TO SAVE A MILLION AT AGE 25

HOW TO SAVE A MILLION AT AGE 45

HOW TO SAVE A MILLION AT AGE 55

BACK TO:

HOW TO SAVE A MILLION


Have more retirement questions? Find the answers at Jumpstart Your Retirement.


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