If you make $300k per year, this is how much you should already have banked by age 35

Retirement is not cheap. You need a good sized nest egg to live out your Golden Years comfortably. Planning and saving is crucial for maintaining your standard of living.

For a family with a household income of $300,000 annually, it needs to have $1.03 million saved by age 35 to be on track for their retirement plan.

The more you save when you are younger, the more you will have to spend when you retire due to the magic of compound interest.

The S&P 500 index fund has a remarkably consistent track record of generating returns of about 10% annually over many decades, making it a solid investment choice.

Read at 24/7 Wall St.