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Whileretirementcan often seem a long way away, delaying gratification can pay huge rewards.
This is because compound interest works best over long periods of time and the effects can be dramatic.
At that point, your account balance will be just under $1 million, at about $971,000.
Thats roughly half as much as if you started at a younger age.
Start planning a realistic retirement spending budget and see if you have adequate funds to cover your ideal lifestyle.
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