Key Takeaways Baby Boomers contribute to 401(k)s at the highest rate, with savers in this generation contributing 11.9% of their income on average.Gen X, Millennial, and Gen Z savers set aside 10.2%, ...
Growing a retirement account to $1 million depends heavily on how early you start investing. At a conservative 6% annual rate of return, a 35-year-old needs to save about $863 per month to reach $1 ...
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