You have more control than you think, Here are three key variables by Edward Jones that you can consider to save for your retirement.
A small changes in these 3 key variables can make big difference over the long term.
1.Time – how long you save
Sooner you start saving, the more time your money has to grow.
2.Money – how much you save
It is important how much you save. “As much as you can” is always good. Try to save 10% – 15% of your income for retirement.
3.Return – how much your investments earn
Know how your savings or pension plan is invested and how much return you receive.
Here are some hypothetical example which will show how small changes in these variables an make a big difference over the long term