re: What is your target savings and age for retirement?

And in 35 years that $1mil ain't what it is today.

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If you are 30, how much do you need to invest yearly to accumulate $1 million by 65?

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fairly simple concept. Problem is it's hard to get a certain steady % for 40 years. I ran numbers years back in late 90's when everybody was getting those astronomical returns of 30, 40, 50% etc. I made over 100% on a certain fund. point is, if u start at 25 with a 10k investment in any fund that returns 18% annually and after that lump sum you only put 100 bucks a month into it until you are 65.....you will have 1 million. The compounding effect is unreal.

Problem is who in the hell has gotten an 18% return every year in any fund since then?