Author : Eliza Boston.
Published : Sat, Jun 29 2019 :2 AM.
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The great thing about compound interest and investing is that there is a difference between how much you plan on spending and how much you need to save in order to spend that much. Once we know your target balance, our advice decides how much you should save to reach that total balance, and we break that down by month or year. The savings amount required depends on how much time you have until your retirement age, the level of risk you’re willing to bear in order to pursue higher returns, and how much certainty you feel you need to hit that balance.
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