Are you in your 40s and worried that you blew it and are too late to achieve a comfortable retirement? Think again. Even those who start late may be able to amass a sizable nest egg.
Here’s what you might do to strengthen your financial condition if you’re starting in your 40s, or even at some younger or older age. The table below shows what’s possible — how your nest egg might grow, at an annual average rate of 8%. (I used 8% to be a bit conservative, since the stock market has averaged annual returns of close to 10% over many decades, and in the coming decades, the market may well grow at a slower (or faster!) rate.)
Growing at 8% for