I made an interesting observation today when working on my 8 year plan to retirement.We didn't start saving for retirement until we were 35. We bought a house at age 34.It's taken us 14 years to pay the house off and save $250k. If we roll the principal and interest into our current retirement savings, and increment our savings by $3k per year, we will hit the million mark in 7.5 years. This is assuming a 5% annual return on our investments.I can see why that first million is the hardest to make. Once that next egg becomes sizable, the magic of compounding interest really kicks in.Hang in there everyone,-helen
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