Time can be a powerful investment tool.
Saving early in your career will give your money time to grow in the market, but you can retire with $1 million even if you get a late start.
You’ll need a few tools to hit your goal.
Savings plans to help you reach that mark could include your employer’s 401(k), which is a tax-advantaged retirement savings account, or a Roth IRA or traditional IRA. Investment options include low-cost index funds.
Check out this video to dive into the figures.
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Disclosure: NBCUniversal and Comcast Ventures are investors in Acorns.
