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When I was in my early 20s, a college friend blew my mind when she told me she was working on amassing $1 million for retirement. We had just started our careers, and I hadn’t given any thought to what would happen when mine ended. What’s more, $1 million seemed like a huge sum at the time. (It doesn’t any more, at least not in the context of supporting a decades-long retirement.) But I wasn’t completely clueless when I was first starting out -- at least I contributed to my company 401(k). And starting early pays dividends when it comes to saving enough for a comfortable retirement. Today’s featured story explores how much you need to save each month, starting at various ages, to reach $1 million by age 65. While the burden grows bigger as time goes on, it’s never too late to start. And if $1 million seems like an impossible goal, don’t give up: something saved is still much better than nothing saved.

Best wishes,


P.S. If you got this newsletter from a friend, sign up here for email delivery to make sure you don’t miss the next issue. To listen on podcast platforms or smart speakers, see here. Retire with Money is presented by Athene.

Here’s How to Save $1 Million by 65 No Matter How Old You Are Now

Start early to avoid playing catch-up.

How I Created a $2.6 Million Beauty Brand in Retirement

My age is my greatest asset.

5 Easy Ways to Save Money Filing Taxes

Be organized.


I’ll be finishing up Second-Act Careers this weekend, in time for our book talk next Tuesday with the author, Nancy Collamer, at 1pm ET in our Retire with Money Facebook group. Join us!


Is There a Movie Audience Age Gap at the Oscars?

Ahead of Hollywood’s big night on Sunday, two generations of NPR critics discuss what some are calling a bigger-than-usual gap this year in the films that appeal to moviegoers of different ages. NEXT AVENUE

High Drug Prices Erode Part D Coverage

Medicare beneficiaries who take certain drugs face high out-of-pocket costs even with Part D drug coverage. SQUARED AWAY BLOG

Here’s What to Do if You Can’t Pay Your Tax Bill by April 15

File your return anyway, among other tips. CNBC

Struggling to Get a Good Night’s Sleep? These New Products Can Help

From “sleep buds” to a cooling headband, these products might help you get some much-needed shut-eye. CONSIDERABLE


Elizabeth O'Brien is a senior writer at MONEY, covering retirement and health care. You can email her at elizabeth.o'brien@moneymail.com and follow her on Twitter at @elizobrien.

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