Almost three-quarters of millennials have less than $10,000 in the bank for retirement, according to the GOBankingRates survey,
That’s a shame, too, because the younger you are, the greater your potential to grow your nest egg through the power of compound interest. Start saving just $200 per month at age 25, and you could have $702,856 accrued by age 65, assuming an 8 percent rate of return.
Related: Here’s How Much You Should Have Saved and How to Catch Up
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