asked 6.1k views
13 votes
What should be the minimum amount of years you allow your retirement

investments to grow?
a. 10 years
b. 20 years
c. 30 years
d. 40 years

asked
User Endrias
by
7.9k points

1 Answer

6 votes

Answer:

a. 10 years

Step-by-step explanation:

Investing for retirement is a long-term project. The earlier a person starts to invest, the better for them as they will enjoy the benefits of compounding.

Ideally, saving for retirement should start the moment one gets employed. This gives them ample time to save and accumulate money for use in retirement. There is no upper limit as to how many years one should save for retirement. However, one needs to save for at least ten years to have sufficient funds for retirement.

answered
User Bryce Johnson
by
8.6k points

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