How much to save to reach $1 mill by age 65

This is how much you would need to save each month to accumulate $1 million by age 65 if you began:

At age 20 $189.59 per month (at 8% annual returns)
At age 30 $435.94 per month (at 8% annual returns)
At age 40 $1,051.49 per month (at 8% annual returns)
At age 50 $2,889.85 per month (at 8% annual returns)
At age 60 $13,609.73 per month (at 8% annual returns)

Retirement Investing

What do you do with your investments when you’re already in retirement?
It’s not about a “retirement date.” It’s about life expectancy. So even if you’re 65 years old, your life expectancy could be 85. So your time horizon is 20 years and stock market investments deserve a place in the asset allocation. Even if you’re 85 years old, the money could be a legacy for children and grandchildren. So the investments should be allocated with them in mind.