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No. of Recommendations: 2
Assuming you retire at 62, just saving $5,000 a year would give you $170,000 if you put it in the mattress. Invest it with an 8% return and you'll have nearly $800,000. Adjust that for inflation and it's about $400,000. Saving $5,000 now is great. If you can continue saving the same percentage of income as your income grows over your lifetime you'll be able to retire quite comfortably.
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