Chart of the Day: How Much to Save
Plan Today. Protect Tomorrow. Attend an Educational Estate-Planning Seminar
Today’s Chart of the Day from @PeterMallouk is a good one to share with the friends and family who are still working and saving. It shows the annual savings needed to become a millionaire by age 65.
What is the lesson we can take from this? Start early—at just 20 years old, it could take only $115 saved per month but wait until 40, and it jumps to having to save $850 per month!
Samuel serves as Senior Vice President, Chief Investment Officer for the Crews family of banks. He manages the individual investment holdings of his clients, including individuals, families, foundations, and institutions throughout the State of Florida. Samuel has been involved in banking since 1996 and has more than 20 years experience working in wealth management.
Investments are not a deposit or other obligation of, or guaranteed by, the bank, are not FDIC insured, not insured by any federal government agency, and are subject to investment risks, including possible loss of principal.
